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Tikehau to acquire Oaktree portfolio company Cebat

Global alternative asset manager Tikehau Capital’s private equity decarbonisation strategy is to make a majority investment in CEBAT, an Italian utility infrastructure service provider and portfolio company of funds managed by Oaktree Capital Management.

Headquartered in Rome, CEBAT specialises in the installation of utility networks and maintenance services across electricity, water and telecommunication grids. According to a press statement, the company’s revenues exceeded €200m in 2023, serving serves utility majors such as Terna, Enel, Acea and TIM. It employs more than 1,000 and oversees 15 operational hubs in Italy, Spain and Germany.

Tikehau Capital’s private equity decarbonisation strategy invests in global electrification, resource and energy efficiency, low-carbon inputs and adaptation to climate change, with the aim of supporting companies whose products and services help reduce the economy’s carbon footprint.

Tikehau Capital was advised by Cassiopea Partners, Fineurop Soditic, Deloitte, PedersoliGattai, AT Kearney and Anthesis. CEBAT was advised by Lazard, Wepartner, EY, Legance – Avvocati Associati and LEK.

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