French investment firm buys 40% stake in Egis

Caisse des Dépôts and Tikehau Capital have announced the completion of French investment firm Tikehau Capital’s acquisition of a 40% stake in Egis, the French mobility and construction engineering company.

Egis says Tikehau Capital’s acquisition of a stake in the company marks a major step forward in the execution of the group’s strategic plan, which is primarily focused on the international market and aims at positioning Egis as a global top 10 engineering company by doubling its turnover within five years. Tikehau Capital intends to support Egis’ ambition to be a leading player in intelligent and sustainable infrastructure to combat climate change, preserve biodiversity and improve global living standards. Tikehau Capital will also support Egis’ model as an independent player, both in its engineering and operation-maintenance activities.

Following the completion of this transaction, Tikehau Capital holds 40% of Egis’ capital, through its T2 Energy Transition Fund. Caisse des Dépôts retains a 34% stake in the capital, alongside Egis’ executive partners and employees who hold 26% of Egis’ capital after increasing their stake by 2% as part of this transaction.

Tikehau Capital launched its T2 Energy Transition fund in 2018, which aims at accelerating the growth of European companies contributing to the transition to a low-carbon economy. In February 2021, the fund completed its fundraising, with over €1 billion (£835 million) raised, exceeding its original fundraising goals. To date, the fund has invested in nine companies active in the clean energy production, low-carbon mobility and energy efficiency sectors.

Egis adds that Caisse des Dépôts has played a key role in the creation and development of the Group and will continue supporting the group over the long term, alongside Tikehau Capital and its executive partners and employees, with an active role in the company’s governance.

“I am delighted that Tikehau Capital has acquired a stake in our group, which marks a crucial milestone for its employees and for the development of our company, as it embarks us on the next phase of its growth. Tikehau Capital will support us in achieving the ambitions of our ‘Impact the Future’ strategic project: improving the living standards for current and future generations and becoming a global leading player in addressing climate change. The arrival of Tikehau Capital alongside our historical investors will provide Egis with the additional resources to accelerate our growth internationally, to expand our range of services and to continue developing innovative solutions that meet the growing needs of our customers,” said Laurent Germain, CEO of Egis.

“We are delighted to join forces with Caisse des Dépôts and Egis’ existing shareholders to support the group in achieving its ambitious growth plan. Egis is involved in numerous infrastructure projects and in the operation of facilities utilised by millions of people globally. Environmental challenges are a key priority for Egis: its long-standing expertise in developing sustainable solutions will provide the company with a major differentiation lever to position itself among the world’s leading engineering services companies,” said Emmanuel Laillier, Head of Private Equity at Tikehau Capital, and Pierre Devillard, Executive Director in the Private Equity team at Tikehau Capital.

For Éric Lombard, Chief Executive Officer of Caisse des Dépôts Group: “Caisse des Dépôts is delighted to welcome a new trusted shareholding partner to support Egis in the next stage of its international development. Caisse des Dépôts will continue supporting Egis’ success, a leading French engineering company with a global reach. Thanks to the commitment of its management team and employees, Egis continues leveraging its exceptional growth path and is well positioned to become a key player in ecological transition and sustainable regional development.”

Thomas Salvant, Chairman of Egis Partenaires, said: “The shareholders of Egis Partenaires are excited to welcome Tikehau Capital as an investor. From Egis’ inception, our enduring focus has been sustainable development and we are keen to keep up this momentum with the support of our new shareholder, both in France and internationally. Tikehau Capital’s involvement will enable us to achieve our ambitious growth objectives, to continue diversifying our expertise and expanding our global platform, for the benefit our clients, and to strengthen our position as a leading player on the global stage”.

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