A consortium led by a subsidiary of UAE sovereign wealth fund ADIA has supported French alternative asset manager Tikehau Capital’s €1 billion (USD 1.17 billion) capital raise for its portfolio company, Egis.
The investment round also saw participation from US-based Apollo S3 and American private equity firm Neuberger Berman, who contributed to Tikehau Capital’s continuation fund dedicated to Egis.
Tikehau Capital, which manages €50.6 billion in assets, initially acquired a controlling stake in Egis in January 2022 from Caisse des Dépôts et Consignations (CDC) under its first private equity decarbonisation fund.
Egis specialises in designing, developing, and operating sustainable infrastructure and smart buildings to tackle climate-related challenges. The newly raised capital will support the company’s global expansion, with a focus on mergers and acquisitions in North America.
