Regulatory News:
Tikehau Capital (Paris:TKO), the global alternative asset
management group, has completed fundraising for its T2 investment
strategy focused on energy transition. This unique growth equity
strategy attracted over €1 billion.
- Tikehau Capital’s T2 Energy Transition investment strategy
outperformed its original fundraising goals with over €1 billion
raised1
- T2 fund is one of the leading and largest global growth private
equity vehicles singularly committed to enabling the transition
towards a low-carbon economy and fighting global warming
- T2 Energy Transition investment strategy has already invested
€440 million in SMEs focused on clean energy generation, low-carbon
mobility and energy efficiency
- T2 fund portfolio companies have already provided goods and
services that, over their lifetime, will avoid one million tons of
CO2 from being emitted
Mathieu Chabran, co-founder of Tikehau
Capital, declared:
“The purpose of our energy transition-focused platform is to
make equity investments in profitable companies in this sector. We
give these companies a major boost so that they can immediately
reduce greenhouse gas emissions. In line with our commitment in
terms of ESG and particularly with our intention to address the
climate emergency, we decided to launch the first private equity
fund on this scale to focus entirely on energy transition. Tikehau
Capital committed €100 million of its own balance sheet to the
fund. This close alignment of interest with our investors, whom I
thank for the trust they have placed in us, has enabled us to
attract a wide range of people wanting to invest in a strategy
aimed at decarbonising our economy. This has made our initiative a
real success. And this is just the start. We can meet the targets
set by the Paris agreements in 2015 provided that we invest today
in these companies that are transforming our economic system by
moving us towards a decarbonised future.”
Emmanuel Laillier, Head of Private Equity at
Tikehau Capital, added:
“Investors’ enthusiasm for this fund shows the appeal of our
energy transition-focused private equity platform. We launched the
platform in 2018 with the ambitious objective of raising between
750 million euros and 1 billion euros, which we have now far
exceeded. Our success also highlights the need to strengthen
companies’ equity bases to move faster with energy transition. This
is an outstanding performance for a first generation of funds
dedicated to energy transition. I would like to congratulate the
Tikehau Capital team for this achievement. Together, we want to
support the growth of European SMEs in a sector that is playing a
crucial role in addressing the climate emergency.”
Tikehau Capital launched this
strategy in 2018 with €100 million from its own balance sheet. This
unique alignment of interest with LPs has proven successful,
attracting large strategic investors from several geographies
(whose commitments represent 45% of the funds raised
overall).
Tikehau Capital’s T2 Energy
Transition Fund is one of the leading and largest global growth
private equity vehicles singularly committed to fighting climate
change.
The T2 Energy Transition Fund,
set up to help reach the goals of the 2015 Paris Agreement,
provides growth equity to European SMEs that directly help lower
GHG emissions. The T2 fund’s mission is to fight global warming by
funding the growth of emerging corporate leaders in the energy
transition space and investing in European SMEs that provide tools
to response to the climate emergency.
Over the last 18 months,
Tikehau Capital has invested €440 million in six European SMEs
focused on clean energy generation, low-carbon mobility and energy
efficiency. Pierre Abadie and Mathieu
Badjeck, co-managers of
Tikehau Capital’s T2 Energy Transition Fund, said: "In 2019 alone,
Tikehau Capital’s energy transition portfolio companies have
provided goods and services that, over their lifetime, will avoid
one million tons of CO2 from being emitted. And this is the just
the beginning.”
Tikehau Capital’s T2 Energy
Transition Fund has already acquired stakes in: Greenyellow, a
provider of energy efficient refrigeration solutions to retail
outlets; Groupe Rougnon, a specialist in energy-efficient
refurbishment of buildings; Crowley Carbon, a service provider that
helps factories become more energy efficient; Amarenco a leading
developer in distributed solar projects; Enso, a biomass boiler
specialist; and EuroGroup, a supplier of engine parts for
EVs.
The enclosed video highlights
some of the fund’s LPs and government support. Thanks to
Mr. Philippe Etienne, French Ambassador to the United
States, Mr. Alex Doñé, Deputy Comptroller, Asset Management &
CIO, Office of the NYC Comptroller, Mr. Scott Stringer,
Ms. Olivia Grégoire,
Minister of State for the Social Solidarity and Responsible
Economy, as well as Mr. Nicolas Dufourcq, CEO of BPI France and Mr. Alain
Godard, CEO of European
Investment Fund, for their participation.
To view this testimony: click here
ABOUT TIKEHAU CAPITAL
Tikehau Capital is a global alternative asset management group
with €28.5 billion of assets under management (as of 31 December
2020). Tikehau Capital has developed a wide range of expertise
across four asset classes (private debt, real assets, private
equity and capital markets strategies) as well as multi-asset and
special opportunities strategies.
Tikehau Capital is a founder-led team with a differentiated
business model, a strong balance sheet, proprietary global deal
flow and a track record of backing high quality companies and
executives.
Deeply rooted in the real economy, Tikehau Capital provides
bespoke and innovative alternative financing solutions to companies
it invests in and seeks to create long-term value for its
investors, while generating positive impacts on society. Leveraging
its strong equity base (€2.8 billion of shareholders’ equity as of
30 June 2020), the firm invests its own capital alongside its
investor-clients within each of its strategies.
Controlled by its managers alongside leading institutional
partners, Tikehau Capital is guided by a strong entrepreneurial
spirit and DNA, shared by its 570 employees (as of 30 June 2020)
across its 11 offices in Europe, Asia and North America. Tikehau
Capital is listed in compartment A of the regulated Euronext Paris
market (ISIN code: FR0013230612; Ticker: TKO.FP).
For more information, please visit: www.tikehaucapital.com
DISCLAIMER:
This transaction was carried out by TIKEHAU INVESTMENT
MANAGEMENT SAS (on behalf of the funds that it manages), a
portfolio management company approved by the AMF since 19/01/2007
under number GP-0700000006.
This document does not constitute an offer of securities for
sale or investment advisory services. It contains general
information only and is not intended to provide general or specific
investment advice. Past performance is not a reliable indicator of
future earnings and profit, and targets are not guaranteed.
Certain statements and forecasted data are based on current
forecasts, prevailing market and economic conditions, estimates,
projections and opinions of Tikehau Capital and/or its affiliates.
Due to various risks and uncertainties. actual results may differ
materially from those reflected or expected in such forward-looking
statements or in any of the case studies or forecasts. All
references to Tikehau Capital’s advisory activities in the US or
with respect to US persons relate to Tikehau Capital North
America.
__________________ 1 Circa €990 million raised by the T2 Energy
Transition Fund and circa €100 million raised for the energy
transition strategy through co-investments mandates.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210222005873/en/
PRESS: Tikehau Capital: Valérie Sueur – +33 1 40 06 39 30
France – Image 7: Florence Coupry & Charlotte Le Barbier – +33
1 53 70 74 70 UK – Prosek Partners: Clare Glynn – +44 7912 107 653
USA – Prosek Partners: Trevor Gibbons – +1 646 818 9238
press@tikehaucapital.com
SHAREHOLDERS AND INVESTORS: Louis Igonet – +33 1 40 06 11
11 shareholders@tikehaucapital.com
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