Tikehau Capital has completed two share capital increases of EUR510 million along with two new institutional investors becoming shareholders of Tikehau’s holding company.
These transactions provide the group with additional resources to pursue its organic and external growth, to develop its global strategy and to accelerate its international expansion.
Through a EUR94 million capital increase, Tikehau Capital Advisors (TCA) welcomes as new shareholders Singaporean investment company Temasek, and French investment company FFP (the listed Peugeot family office), along with long-standing partner French insurance group MACSF. They are joining existing institutional shareholders Credit Mutuel Arkea and Amundi. These institutional shareholders now each hold over five per cent of TCA.
Alongside these investors, the rights issue by TCA has circa EUR17 million in subscriptions from founders, partners and senior management of Tikehau Capital in order to maintain their current ownership and remain the controlling shareholders of the group.
In parallel to the TCA rights issue, Tikehau Capital Partners (TCP) successfully completed a EUR416 million capital increase as the result of an early conversion of the EUR176 million of convertible bonds issued in 2015, as well as a rights issue raising an additional EUR240 million in cash.
With the completion of these transactions and the establishment of new relationships, Tikehau Capital will continue to focus on its global strategy, increase its pipeline of investment opportunities and continue its international expansion.
As of 1 July, 2016, the group had assets under management of over EUR8 billion.
Antoine Flamarion and Mathieu Chabran, co-founders of Tikehau Capital, say: “These two capital increases mark a major milestone in the development of Tikehau Capital, as they provide us with additional capacity to grow regardless of the current market turbulence and to compete with leading players in the asset management field. We are very pleased to welcome Temasek and FFP into our group which will help us build a leading global investment management brand.”
