Ardian, Tikehau Capital, EMZ back Vulcain Engineering

Vulcain is an engineering group that specialises in energy transition and life sciences.

  • Bpifrance, Amundi Private Equity Funds and the Fonds France Nucléaire managed by Siparex complete the financing round
  • Equistone Partners Europe and Sagard exit Vulcain as part of the transaction
  • With the transaction Vulcain will have access to ‘substantial’ and diversified financial resources

Ardian, alongside Tikehau Capital and EMZ, has announced a financing round in Vulcain Engineering. Vulcain’s shareholders, Equistone Partners Europe and Sagard, will exit the business.

Bpifrance, Amundi Private Equity Funds and the Fonds France Nucléaire managed by Siparex complete the financing round by providing specific expertise, according to a press statement.

Vulcain is an engineering group that specialises in energy transition and life sciences. The company is based in Neuilly-sur-Seine in France.

With the support of Equistone and Sagard, Vulcain has grown sales of €160 million in 2019 to €370 million by 2023. The realisation of current external growth opportunities should enable the company to cross the €450m threshold in 2024, the release said. Vulcain has completed 27 acquisitions since 2019.

Ardian is a private investment house headquartered in Paris. The firm manages or advises $160 billion of assets.

EMZ is a European investment firm based in Munich.

Tikehau Capital is a global alternative asset management group with €42 billion of assets under management as of 30 September 2023.