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Tikehau Capital

Tikehau Capital

Paris, France·Founded 2004··tikehaucapital.com

Tikehau Capital is a global alternative asset management group founded in 2004 and headquartered in Paris. It manages approximately €47 billion in assets across private debt, private equity, real assets, and capital markets strategies, with offices in Europe, Asia, and North America.

AUM
€52.8B
Funds
13
vintages 2006–2025
Portfolio
71
Exits
49

Tikehau Capital is a Paris buyout firm with €52.8B AUM, 71 active companies and 49 exits.

Key takeaways
  • ·34 exits in the last 5 years · consistent DPI cadence.
  • ·Average hold across 48 realized deals: 6 years.
  • ·Best return: 2.4x MOIC on Preligens (2024).
  • ·Top sector focus: Aerospace & Defence (32% of portfolio).
  • ·Fund cadence: ~2Y between vintages · last raise 2025.

Sector breakdown

120 companies
Aerospace & Defence
38 · 32%
Cybersecurity
15 · 13%
Business Services
11 · 9%
Software
10 · 8%
ClimateTech
6 · 5%
Energy
5 · 4%
Construction
5 · 4%
Logistics
4 · 3%

Geography breakdown

11 geographies
France
86 · 72%
Italy
7 · 6%
Spain
7 · 6%
Germany
6 · 5%
UK
4 · 3%
Belgium
2 · 2%
Netherlands
2 · 2%
Ireland
2 · 2%

Key facts

HQParis, France
Founded2004

Recent exits

Build38

Tikehau Capital sold Build38 to OneSpan in 2026 after 4 years.

Yogosha

Tikehau Capital sold Yogosha to Groupe Créative in 2026 after 5 years.

Aubert & Duval

Tikehau Capital sold Aubert & Duval to Airbus, Safran in 2026 after 3 years.

Spherea

Tikehau Capital sold Spherea to Andera Partners (continuation, majority) / Idico in 2026 after 2 years.

Coverage notes

13 funds tracked, 120 portfolio companies (71 active · 49 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund Tikehau Capital has raised, with its portfolio companies. Hand-checked from public filings.

13 funds
Tikehau PE Aerospace III
Aerospace & Defence2025€900M4 assets

Unrealized

4 held
CompanyEntry
GMP Group
Aerospace & Defence · France
2025
KEP Metal
Logistics · France
2025
Scioteq
Aerospace & Defence · Belgium
2025
TTSP HWP Group
Business Services · Germany
2025
Tikehau PE Decarbonisation Continuation
Decarbonisation2025€1.0B0 assets1 exits

Realized

1 exit
CompanyEntryExitTypeBuyerMOIC
Egis
Business Services · France
20252025Continuation VehicleApollo S3 / ADIA consortium and Neuberger Berman–
Tikehau Brienne IV
Cybersecurity2024€500M3 assets

Unrealized

3 held
CompanyEntry
Ftapi
Cybersecurity · Germany
2025
Intersec
Data & Analytics · France
2025
Memority
Software · France
2025
Tikehau PE Decarbonisation II
Decarbonisation2023€2.1B7 assets

Unrealized

7 held
CompanyEntry
Anthesis
Business Services · UK
2023
Brandart
Energy · Italy
2023
Cebat
ClimateTech · Italy
2024
Crowd
Software · Netherlands
2023
Eysa
Mobility · Spain
2025
TTSP HWP
Energy · Germany
2025
Vulcain
ClimateTech · France
2024
Tikehau Regenerative Agriculture
Impact2023€560M3 assets

Unrealized

3 held
CompanyEntry
BioFirst
AgTech · Belgium
2023
Horizon Ag
AgTech · US
2025
Juan Navarro Garcia
Agriculture · Spain
2025
Tikehau Brienne III
Cybersecurity2022€400M4 assets2 exits

Unrealized

4 held
CompanyEntry
Chapsvision
Software · France
2022
Provenrun
Cybersecurity · France
2023
Trustpair
Cybersecurity · France
2022
Vmray
Cybersecurity · Germany
2022

Realized

2 exits
CompanyEntryExitTypeBuyerMOIC
Build38
Cybersecurity · Germany
20222026Trade SaleOneSpan–
Hornetsecurity
Cybersecurity · Germany
20222025SecondaryOktey (LBO)–
Tikehau Brienne II
Cybersecurity2021€200M3 assets1 exits

Unrealized

3 held
CompanyEntry
Glimps
Cybersecurity · France
2021
jscrambler
Cybersecurity · Portugal
2021
Unique Héritage Media
Business Services · France
2021

Realized

1 exit
CompanyEntryExitTypeBuyerMOIC
Yogosha
Cybersecurity · France
20212026Trade SaleGroupe Créative–
Tikehau PE Aerospace II (T5)
Aerospace & Defence2020€750M9 assets5 exits

Unrealized

9 held
CompanyEntry
Aries Industries
Aerospace & Defence · France
2020
BT2i
Aerospace & Defence · France
2022
Crouzet
Aerospace & Defence · France
2022
Elvia PCB
Aerospace & Defence · France
2022
Figeac Aero
Aerospace & Defence · France
2022
Jogam
Aerospace & Defence · France
2023
Mecachrome
Aerospace & Defence · France
2020
PMA (Precision Manufacturing Aerospace)
Aerospace & Defence · Spain
2022
Secan
Construction · France
2023

Realized

5 exits
CompanyEntryExitTypeBuyerMOIC
Aubert & Duval
Aerospace & Defence · France
20232026Trade SaleAirbus, Safran–
Brown Europe
Aerospace & Defence · France
20212024Trade SaleSTS Metals (Tinicum)–
LMB
Aerospace & Defence · France
20222025Trade SaleLoar Group–
Spherea
Aerospace & Defence · France
20242026Continuation VehicleAndera Partners (continuation, majority) / Idico–
Visco
Aerospace & Defence · France
20222024SecondaryLatour Capital–
Tikehau Brienne I
Cybersecurity2019€175M5 assets2 exits

Unrealized

5 held
CompanyEntry
EclecticIQ
Software · Netherlands
2020
Egerie
Cybersecurity · France
2019
Quarkslab
Cybersecurity · France
2020
Tehtris
Cybersecurity · France
2020
TrustInSoft
Software · France
2019

Realized

2 exits
CompanyEntryExitTypeBuyerMOIC
Preligens
Cybersecurity · France
20202024Trade SaleSafran2.4x
Sentryo
Cybersecurity · France
20152021Trade SaleCisco–
Tikehau PE Decarbonisation I
Decarbonisation2019€800M8 assets3 exits

Unrealized

8 held
CompanyEntry
Amarenco
ClimateTech · Ireland
2020
Cetih
Construction · France
2021
Cool Planet Group
Energy · Ireland
2020
EuroGroup Laminations
Energy · Italy
2020
GreenYellow
ClimateTech · France
2018
Isotrol
ClimateTech · Spain
2022
Sterne
Logistics · France
2021
Valgo
Industrials · France
2021

Realized

3 exits
CompanyEntryExitTypeBuyerMOIC
Egis
Business Services · France
20222025Continuation VehicleContinuation fund (Apollo S3 / ADIA / Neuberger Berman)–
Enso
Software · Spain
20202024SecondaryIgneo Infrastructure Partners–
Groupe Rougnon
Construction · France
20192022–––
Tikehau Growth Partnerships
Growth2014€500M10 assets9 exits

Unrealized

10 held
CompanyEntry
Carbonex
Energy · France
2018
Credit.fr
Fintech · France
2017
DoveVivo/Joivy
Business Services · Italy
2019
Ecopol
Industrials · Italy
2021
Ekimetrics
Business Services · France
2020
Medtrade/Celox Medical
MedTech · UK
2019
MINT
Software · Italy
2021
Oodrive
Software · France
2017
Oryx
PropTech · France
2022
PTSL
Business Services · UK
2022

Realized

9 exits
CompanyEntryExitTypeBuyerMOIC
ADDEV Materials
Business Services · France
20192025SecondaryNaxicap Partners–
Assiteca
Financials · Italy
20192022Trade SaleHowden Group Holdings–
Asten Sante
Healthcare · France
20142018Trade SaleLa Poste Silver–
Ateliers de France
Construction · France
20172023SecondaryManagement buyout (founders, Bpifrance Large Cap, North American investor)–
DRT
Agriculture · France
20142020Trade SaleFirmenich–
Filiassur
Financials · France
20182025MBODenis Bizien (founder)–
Linkfluence
Data & Analytics · France
20182021Trade SaleMeltwater–
Total Eren
ClimateTech · France
20152023Trade SaleTotalEnergies–
Verona Group
Business Services · France
20152025–––
Tikehau PE Aerospace I
Aerospace & Defence2013€200M5 assets25 exits

Unrealized

5 held
CompanyEntry
Abipa
Aerospace & Defence · Canada
2013
Aresia
Aerospace & Defence · France
2015
Coriolis
Aerospace & Defence · France
2015
Satys
Aerospace & Defence · France
2021
Tecalemit
Aerospace & Defence · France
2016

Realized

25 exits
CompanyEntryExitTypeBuyerMOIC
3DTrust
Cybersecurity · France
20162021Trade SaleBassetti Group–
ADF
Business Services · France
20162018MBOManagement and Abenex–
Aeds Groupe
Aerospace & Defence · France
20142019Trade SaleRafaut–
Agora Industries
Healthcare · France
20112012–––
Arelis
Aerospace & Defence · France
20122021Trade SaleGroupe LGM–
Aries Alliance
Aerospace & Defence · France
20162018SecondaryAstorg–
ATG / Sotip
Aerospace & Defence · France
20122023Trade SaleNexteam–
Bio UV
Aerospace & Defence · France
20142020–––
Ceruse
Aerospace & Defence · France
20162025Trade SaleCarlesimo Groupe–
Cooltech Applications
Aerospace & Defence · France
20132019–––
Daher
Logistics · France
20092017SecondaryDaher family–
Fermentalg
Biotech · France
20102020–––
Groupe LPF
Aerospace & Defence · France
20112025–––
Guimbal
Aerospace & Defence · France
20092017–––
Kalray
Deep Tech · France
20082020–––
Loiretech
Aerospace & Defence · France
20152023–––
Meloche
Aerospace & Defence · Canada
20112017–––
Muquans
Aerospace & Defence · France
20142021Trade SaleiXblue–
New Imaging Technologies
Aerospace & Defence · France
20102021–––
Nexteam
Aerospace & Defence · France
20132026SecondaryEMZ Partners, Bpifrance and Amundi Private Equity Funds–
Ocea
Aerospace & Defence · France
20132021–––
RB3D
Aerospace & Defence · France
20132022–––
Seafin (Neotek-RTSys)
Aerospace & Defence · France
20122021SecondarySea Vorian–
Socomore
Aerospace & Defence · France
20132025SecondaryThree Hills–
Spring Technologies
Software · France
20142018Trade SaleHexagon AB–
Tikehau PE Balance Sheet
Balance Sheet2006€2.0B10 assets1 exits

Unrealized

10 held
CompanyEntry
Angelmar
Logistics · France
2011
Brut.
TMT · France
2021
Claranet
Diversified · UK
2017
Duqueine
Healthcare · France
2007
Fonciere Atland
Real Estate · France
2006
Nafilyan
Real Estate · France
–
Navec
Diversified · Spain
–
OSS Ventures
Software · France
2020
Spie Batignolles
Construction · France
2012
Univision
TMT · Spain
2021

Realized

1 exit
CompanyEntryExitTypeBuyerMOIC
HDL/Assystem
Diversified · France
20132020–––

About Tikehau Capital

Tikehau Capital is a French listed global alternative asset management group founded in 2004 and headquartered in Paris, with €47.0 billion of assets under management as of December 2024. The firm operates as a partnership-led platform with majority insider ownership and is listed on Euronext Paris. Tikehau combines private equity, private debt, real assets and capital markets strategies, with offices across Europe, North America, Asia-Pacific and the Middle East serving institutional limited partners globally.

Investment thesis

Tikehau invests across the alternative spectrum with thematic focus on the energy transition, cybersecurity, aerospace and defence, healthcare and business services. Private equity flagship funds target European mid-market buyouts and growth equity, while private debt and capital markets strategies provide complementary financing solutions to mid-cap corporates. The firm emphasises alignment of interests through significant balance-sheet co-investment alongside third-party institutional capital, supporting longer-duration value creation across its 13 tracked funds.

Recent activity

Recent exits include Build38 (cybersecurity, 2026), Spherea (aerospace and defence, 2026), EuroGroup Laminations (energy, 2026 partial listing) and Hornetsecurity (cybersecurity, 2025). Tikehau remains actively deployed across its current vintages while pursuing platform expansion in the energy transition vertical, where dedicated strategy funds have been launched to capture decarbonisation-driven mid-market opportunities across Europe.

Portfolio platforms backed by Tikehau Capital made 10 researched add-on acquisitions during its ownership.

Frequently asked questions

What investment strategy does Tikehau Capital focus on?
Tikehau Capital focuses on Buyout, Growth strategies in the private equity space.
How many portfolio companies does Tikehau Capital have?
Tikehau Capital has 71 active portfolio companies and 49 completed exits and 13 funds tracked on GP Intel.
Where is Tikehau Capital headquartered?
Tikehau Capital is headquartered in Paris, France.
What is Tikehau Capital's assets under management?
Tikehau Capital manages approximately €52.8B in assets under management.
When was Tikehau Capital founded?
Tikehau Capital was founded in 2004.
What sectors does Tikehau Capital invest in?
Tikehau Capital invests across TMT, Industrials, Healthcare, Consumer, Business Services, Energy, Financials.
What are Tikehau Capital's recent exits?
Recent realized exits by Tikehau Capital include: Build38 (2026) to OneSpan; Yogosha (2026) to Groupe Créative; Aubert & Duval (2026) to Airbus, Safran; Spherea (2026) to Andera Partners (continuation, majority) / Idico; Nexteam (2026) to EMZ Partners, Bpifrance and Amundi Private Equity Funds; Egis (2025) to Apollo S3 / ADIA consortium and Neuberger Berman; Hornetsecurity (2025) to Oktey (LBO); LMB (2025) to Loar Group.
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Last updated August 2026 · Sourced from public filings · Report an issue