Vulcain
FranceWho owns Vulcain?
Vulcain is a French Construction company, currently owned by Tikehau Capital since 2024 and 2 other investors. It changed hands in 2024, when Equistone Partners sold.
Hand-verified · updated 2026-09-30
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Key facts
- ·Co-held by Equistone Partners Europe, Tikehau Capital and Siparex since 2019.
- ·Average hold across 5 realized cycles: 5 years.
- ·8 distinct PE sponsors across ownership cycles.
Ownership history
8 ownership periods · co-invest detected
NextStage AM sold Vulcain to SICLI Holding in 2016 after 5 years.
Initiative & Finance sold VULCAIN to Equistone Partners Europe in 2019 after 6 years.
NiXEN sold Vulcain to Equistone Partners in 2019 after 5 years.
Parvilla Investissements sold Vulcain to Ardian Tikehau EMZ consortium in 2023 after 4 years.
Equistone Partners sold Vulcain to Ardian + Tikehau Capital + EMZ consortium in 2024 after 5 years.
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Who owns Vulcain?
Vulcain is currently owned by Tikehau Capital, Siparex and 1 other, through Tikehau PE Decarbonisation II, since 2024.
When did Tikehau Capital and 2 others acquire Vulcain?
Tikehau Capital and 2 others acquired Vulcain in 2024.
Who did Vulcain sell to?
Equistone Partners sold Vulcain to Ardian + Tikehau Capital + EMZ consortium in 2024 (Secondary). Parvilla Investissements sold Vulcain to Ardian Tikehau EMZ consortium in 2023 (Secondary). Initiative & Finance sold Vulcain to Equistone Partners Europe in 2019 (Secondary).
Who has owned Vulcain over time?
Vulcain has been through 8 private-equity ownership periods: NextStage AM · via NextStage Evergreen · 2011–2016 · sold to SICLI Holding · (Trade Sale); Initiative & Finance · via Initiative & Finance FCPR I · 2013–2019 · sold to Equistone Partners Europe · (Secondary); NiXEN · via NiXEN II · 2014–2019 · sold to Equistone Partners · (Secondary); Parvilla Investissements · via Parvilla Investissements · 2019–2023 · sold to Ardian Tikehau EMZ consortium · (Secondary); Equistone Partners · via Equistone Fund V · 2019–2024 · sold to Ardian + Tikehau Capital + EMZ consortium · (Secondary); Equistone Partners Europe · via Equistone Partners Europe Fund VI · since 2019; Tikehau Capital · via Tikehau PE Decarbonisation II · since 2024; Siparex · via Siparex Midcap 4 · since 2024.