Capital Tikehau raises funds at a record pace in the first half of the year
Tikehau Capital Breaks Records with Major Private Equity Deals in Germany
French asset manager Tikehau Capital has made a significant mark in the German market with its recent private equity deals. The company, known for its strategic focus on decarbonization and sustainability, has announced the launch of its first dedicated continuation fund exceeding €1 billion to support Egis, a global leader in architecture, consulting, engineering, construction, and mobility services.
The fund, which aligns with Tikehau Capital’s strategic focus on decarbonization and sustainability in private equity investments, is backed by Tikehau Capital’s private equity decarbonization strategy and major investors including Apollo S3, a subsidiary of the Abu Dhabi Investment Authority (ADIA), and Neuberger Berman.
The fund size of over €1 billion marks Tikehau Capital's first continuation fund specifically for a portfolio company (Egis). It supports Egis' expansion trajectory in smart infrastructure and sustainable building solutions addressing climate change challenges.
Apart from this deal, Tikehau Capital also completed the acquisition of Frankfurt-based data center designer TTSP HWP for a nine-figure sum and Munich-based data transfer specialist FTAPI for €65 million. These deals were orchestrated by the Frankfurt-based team, led by Germany CEO Dominik Felsmann.
These transactions are a testament to Tikehau Capital's growing presence in Germany. In fact, around 80% of the capital raised in the first half came from international investors outside France, reflecting a trend in the industry.
Tikehau Capital's successful fundraising efforts are evident in the record €5.2 billion it raised in the first half of the year. This increased its total assets under management (AUM) to €51 billion by the end of June, with net inflows of €4 billion. Compared to the same period last year, its total assets under management increased by 12%.
The launch of Tikehau's first semi-liquid private debt ELTIF (European Long-Term Investment Fund) in early June is another strategic move. Only €40.8 billion of the raised capital will earn Tikehau management fees, with 31% coming from private clients. The launch of the ELTIF is a popular vehicle in Europe for distributing alternative investments to retail investors.
In addition to its activities in Germany, Tikehau has also shown interest in the defense industry with the acquisition of Belgian visualization specialist Scioteq. Asian investors have also shown high interest in Tikehau's funds.
In summary, Tikehau Capital's major recent private equity activity in Germany centers on the continuation fund backing Egis’ growth with a strong emphasis on sustainable infrastructure and climate impact. The company's successful fundraising and strategic moves suggest ongoing active investment activities broadly in Europe.
[1] Source: Tikehau Capital press release [2] Source: Pensions & Investments [3] Source: Private Equity International [4] Source: PE Hub Network [5] Source: Reuters
Tikehau Capital, with its €1 billion continuation fund for Egis, demonstrates a significant investment in the finance sector, particularly in private equity. The fund, part of Tikehau Capital's decarbonization strategy, reflects the company's intent to support sustainable solutions in infrastructure.
