Tikehau Capital : IM successfully arranges a €14.4m add-on Unitranche facility for Terratest to the existing €60m facility

PRESS RELEASE

Tikehau IM successfully arranges a €14.4m add-on Unitranche facility for Terratest to the existing €60m facility

Madrid, January 23, 2018 - Tikehau IM, a leading pan European asset manager and a subsidiary of Tikehau Capital, today announced it has arranged a €14.4m add-on Unitranche to support Terratest's acquisition of Geostructures. Geostructures is a U.S. based leading provider of ground improvement services for commercial, residential and institutional construction in the Mid-Atlantic region.

Founded in 1959 in Spain and majority owned by Platinum Equity since 2014, Terratest is a leading international provider of foundation work, ground improvement and micro-tunneling services for large-scale international infrastructure projects, industrial, commercial and residential construction.

Tikehau IM successfully arranged a €14.4m add-on Unitranche. This incremental financing will support Terratest's acquisition of Geostructures, a transaction that expands the group into the U.S., a strategic market for further growth. The acquisition will have a significant impact on Terratest's financials, with combined consolidated sales of ca. €180m as of December 2017.

In May 2017, Tikehau led the refinancing of Terratest with a €60m Unitranche. This transaction is another illustration of Tikehau IM's expertise to offer private debt financing solutions to companies in Spain.

Enrique Torres, CEO of Terratest, commented: "This strategic acquisition gives us access to a key market in North America and consolidates our growth plan. We are grateful to have a partner in Tikehau, who have been instrumental in supporting this next step."

Carmen Alonso, Head of Iberia at Tikehau IM, commented: "We are pleased to continue being part of the development of Terratest and facilitating such an important milestone for the company. This financing is fully aligned with Tikehau's strategy of continuously supporting the growth of the companies in which we invest."

About Tikehau Capital

Tikehau Capital is an asset management and investment Group which manages €12.6bn of assets, with shareholders' equity of €2.3bn. The Group invests in various asset classes (private debt, real-estate, private equity and liquid strategies), including through its asset management subsidiary Tikehau IM, on behalf of institutional and private investors. Controlled by its managers, alongside leading institutional partners, Tikehau Capital employs 185 staff in its Paris, London, Brussels, Madrid, Milan, Seoul and Singapore offices.

Tikehau Capital is listed on Euronext Paris, compartment A (ISIN code: FR0013230612; Ticker: TKO.FP)

www.tikehaucapital.com

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