Headquartered in Rome, CEBAT specialises in the installation of utility networks and maintenance services which are critical for the enhancement and upgrade of electricity, water and telecommunication grids. With revenues exceeding Euro 200 million in 2023, more than 1,000 employees

and 15 operational hubs across Italy, Spain and Germany, CEBAT has completed more than 300 projects throughout its over 60 years of activity.

Tikehau Capital through its private equity decarbonisation strategy focuses on investing in companies engaged in global electrification, resource and energy efficiency, low-carbon inputs, and adaptation to climate change, with the aim of supporting players across the value chain whose products and services are critical to reducing the economy’s carbon footprint.

This transaction represents the second investment of Tikehau Capital’s second-generation flagship private equity strategy dedicated to decarbonisation. CEBAT is a perfect fit due to its critical role in expanding and modernising grid infrastructure to facilitate energy transition.

The acquisition was financed by Pemberton (Senior Secured Notes), while Intesa Sanpaolo provided a Super Senior Revolving Credit Facility.