Last updated: 09:59 / Thursday, 14 July 2016
€510 million capital increase

Tikehau Capital Welcomes Temasek and FFP as Shareholders

Tikehau Capital Welcomes Temasek and FFP as Shareholders
  • Joining shareholders Credit Mutuel Arkea and Amundi
  • To develop its global strategy and to accelerate its international expansion
  • Over €8 billion in AUM

French boutique Tikehau Capital has announced the completion of two share capital increases amounting to €510 million along with the introduction of two new institutional investor shareholders to 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 €94 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 5% of TCA. Alongside these investors, the rights issue by TCA has €17 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 successfully completed a €416 million capital increase as the result of an early conversion of the €176 million of convertible bonds issued in 2015, as well as a rights issue raising an additional €240 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.

Antoine Flamarion and Mathieu Chabran, co-founders of Tikehau Capital commented: “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.”

As of 1 July 2016, the group had assets under management of over €8 billion.