Agora Makers

Hivest Capital Partners S.A.S (“Hivest Capital”), an independent European private equity firm, originally invested in Agora Makers in 2022. Under Hivest Capital’s ownership and the leadership of David Lelièvre, the Company has turned into a European leader, increasing EBITDA by 150% over the period. This performance results from strong organic growth and selected acquisitions expanding its product and brand portfolio with the addition of street furniture capabilities & smart lighting solutions.

Hivest Capital realised its investment in Agora Makers through the sale of its majority shareholding to a newly created single-asset continuation fund. The transaction was co-led by Patria GPMS and Committed Advisors.

This transaction will allow Hivest Capital, as well as the Agora Makers management team, to continue supporting the business over its next cycle of growth, with the benefit of fresh capital to execute on an attractive pipeline of organic and external growth opportunities. The group aims to develop its international footprint in Western Europe, Eastern Europe and in new geographies.

Agora Makers is headquartered in France, with production sites in France, Italy, South America and Middle East.

With over 180 years of Heritage, the company has emerged as a European leader with market leading positions in public lighting in France and street furniture in Italy in addition to sales in countries across the globe.

Agora Makers benefits from sustainability related tailwinds in relation to the development of public spaces and sustainable and smart cities.

In December 2024, PPET made a direct investment into the continuation fund for Agora, as part of the transaction co-led by Patria GPMS.

Patria GPMS has a longstanding relationship with Hivest Capital through primary and co-investment commitments to date. The continuation fund acquiring interests in Agora Makers successfully marks the first investment of PPET alongside Hivest Capital.