Hivest Capital has successfully realized its investment in Agora Makers by selling its majority shareholding to a continuation fund, aiming to support the company's future growth and expansion in the public lighting and street furniture market.

Information on the Target

Agora Makers is a prominent pan-European company based in France, specializing in the design and manufacturing of public lighting and street furniture solutions. With a legacy spanning over 180 years, Agora represents a collective of esteemed brands, such as Eclatec, GHM, Metalco, Bellitalia, and CityDesign. The firm is committed to enhancing urban environments by providing innovative solutions that balance aesthetics and functionality, addressing the needs of communities, urban planners, and architects.

The company's recent trajectory has been impressive, with significant growth attributed to strong organic expansion and strategic acquisitions. Under the leadership of CEO David Lelièvre, Agora has successfully multiplied its EBITDA approximately 2.5 times since Hivest Capital's initial investment in May 2022. The brand portfolio has been bolstered through the addition of street furniture capabilities and smart lighting solutions, which align with contemporary trends in urban development.

Industry Overview in France

France's public lighting and street furniture sector is witnessing remarkable growth, driven by rising demands for sustainable urban development and smart city initiatives. As cities evolve, there is an i