An energy transition fund managed by Tikehau Capital is proposing to buy a stake in an engineering services firm owned by France’s Caisse des Dépôts.
Tikehau, through its T2 Energy Transition Fund, is offering to buy 40% to 44% of Egis, a company involved in the areas of infrastructure and transport systems, planning, water and environment.
Caisse des Dépôts would retain 34% alongside Egis’ executive partners and employees who would hold approximately between 22% and 26% of Egis’ capital.
Tikehau’s investment supports Egis in its plan to become a leading player in intelligent and sustainable infrastructure to combat climate change and improve the global living environment.
Olivier Sichel, deputy CEO of Caisse des Dépôts, said: “In order to accelerate the development of Egis in the implementation of its “Impact the Future” strategic plan, Caisse des Dépôts plans to expand Egis’ shareholder base by welcoming a leading investor.
“In this context, we have decided to enter into exclusive negotiations with Tikehau Capital, a trusted partner who shares our desire to support Egis’ international development over the long term. Caisse des Dépôts would continue to be an active shareholder and remain committed to the success of Egis.”
Emmanuel Laillier, the head of private equity at Tikehau Capital and Pierre Devillard, private equity executive director at Tikehau Capital, said: “Energy transition is a key pillar of Egis’ strategic plan.
“Through this proposed investment, via our energy transition fund, we would be delighted to partner with Caisse des Dépôts and Egis’ management team and employees to support the group in its ambitious growth plan, as it looks to expand its international footprint and develop its differentiated offering in tackling the climate emergency.”
The T2 Energy Transition, which was launched in 2018, provides growth equity to European companies that actively help to reduce greenhouse gas emissions that contribute to global warming. The fund completed its fundraising in early 2021 with over €1bn raised.
To read the digital edition of the latest IPE Real Assets magazine click here.