Tikehau Capital joins Palatine in backing sustainability advisor

French global alternative asset manager Tikehau has taken a minority stake in sustainability consultancy Anthesis, alongside Palatine and Carlyle, the global investment firm.          

Founded in 2013, Anthesis boasts over 4,000 clients spanning corporate, financial, and governmental sectors and employs 1,250 specialists across 47 offices in 24 countries. 

Manchester based Palatine first backed Anthesis from their Impact and Buyout funds in 2021, which Palatine’s Gary Tipper told TheBusinessDesk.com at the time reflected a ‘deep cultural alignment’ between the businesses. Since then the business has made a series of strategic acquisitions and Palatine sold a stake to Carlyle in June 2023.

Bloomberg reported that the deal in June valued Anthesis at about £400 million ($508 million).

Anthesis, like Palatine, has achieved B Corp certification, and advises businesses on decarbonisation efforts which Tikehau Capital said will give it leverage in its own investment strategy.

Stuart McLachlan, chief executive of Anthesis, said: “In our rapidly changing world, organisations are relentlessly facing the charge of compliance and legislation. Old business models are broken, and brands need to pivot to a place of sustainable transformation to realise the value creation opportunities of sustainable performance.”

Tikehau Capital is a global alternative asset management group with €41.1 billion of assets under management.

Its head of UK Private Equity Corinne Philipps, said: “In a very short timeframe, Anthesis has established itself as a leader in sustainability and a key enabler of impact across the globe. As established investors in decarbonisation and sustainability, we are convinced that Anthesis has the right culture, nimbleness and expertise to guide its customers through their decarbonisation journeys, in a complex regulatory environment. We are delighted to partner with Anthesis as it embarks on the next chapter of its growth journey, and we look forward to working closely with Carlyle and Anthesis’s management team to help accelerate growth, while leveraging our European presence with the intention to deliver ever greater impact.”