Tikehau Capital completed the acquisition of a majority stake in Cebat Group from Oaktree Capital Management

Tikehau Capital, a private equity firm, completed the acquisition of a majority stake in CEBAT, a company active in the installation and maintenance of high voltage underground cables and electricity and water distribution networks, from Oaktree Capital Management, a private equity firm. Financial terms were not disclosed. "Through the investment, we will continue to leverage the group's strong credentials with industry-leading clients and the growth potential of its target markets, driven by the significant investments planned in the coming years to decarbonize and improve the efficiency of utility networks. This transaction represents the second investment in Tikehau Capital's second-generation private equity strategy, focused on decarbonization. Cebat has a leading role, which it plays in the expansion and modernization of network infrastructures aimed at fostering the energy transition," Roberto Quagliuolo, Tikehau Capital Deputy Head of Private Equity & Head of Italy.