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- An investment vehicle of Morgan Stanley Investment Management’s North Haven Tactical Value becomes a new shareholder
- Existing shareholders Temasek, FFP and MACSF reinforce their ownership
- €195m in new equity secured from institutional partners
- Founders and management reinvest and remain controlling shareholders with more than 60% of Tikehau Capital Advisors’ share capital
Paris — May 20, 2019
Tikehau Capital Advisors, Tikehau Capital SCA’s main shareholder, today announced that it has secured from institutional partners firm and irrevocablecommitments of €195m in new equity as part of a share capital increase of at least €300m.
The new equity raise includes reinvestment by Tikehau Capital Advisors’ founders and managers, who will remain controlling shareholders in the firm with more than 60% of its share capital, as well as additional commitments from existing institutional partners: Temasek, FFP and MACSF. The firm also welcomes an investment vehicle of North Haven Tactical Value, managed by a team within Morgan Stanley Investment Management, as a new shareholder in connection with this transaction.
The proceeds of this share capital increase will be used for corporate general purposes and to support Tikehau Capital SCA’s plans for expansion and growth.
“We are proud to welcome the commitment from our newest shareholder, the North Haven Tactical Value Fund, which is managed by a Morgan Stanley Investment Management team, and to see that our shareholders, Temasek, FFP and MACSF, are reinforcing their ownership in Tikehau Capital Advisors,” said Antoine Flamarion and Mathieu Chabran, founders and co-heads of Tikehau Capital Advisors.
“The Morgan Stanley Tactical Value Investing team is pleased to partner with Tikehau Capital Advisors in support of Tikehau Capital SCA’s growth,” said Pedro Teixeira, Co-Head of Morgan Stanley Tactical Value Investing. “Tikehau Capital is a premier asset manager comprised of seasoned investment professionals with strong investment performance. We look forward to working with Tikehau Capital Advisors’ management to build on Tikehau Capital’s successful platform as they enter an exciting new period of expansion.”
About Tikehau Capital Advisors
Tikehau Capital Advisors is the principal shareholder of Tikehau Capital SCA which, as of 31 December 2018, held 29.7% of its capital and voting rights and all of the share capital and voting rights of its Manager-General Partner, Tikehau Capital General Partner. Tikehau Capital Advisors combines the central functions on which the Manager relies for the performance of its duties on behalf of Tikehau Capital SCA and the group. Its main activity is the acquisition, holding and management of any type of equity interests and securities. As of 31 December 2018, Tikehau Capital Advisors’ shareholders’ equity is split between certain of the managers and founders of Tikehau Capital, who together hold 75.9% of the shareholders’ equity and voting rights of Tikehau Capital Advisors, and a group of institutional shareholders: Crédit Mutuel Arkéa, FFP, MACSF and Temasek, who together hold the remaining 24.1%.
About Tikehau Capital SCA
Tikehau Capital is an asset management and investment group with €22.4 billion of assets under management (as of 31 March 2019) and shareholders’ equity of €2.3 billion (as of 31 December 2018). The Group invests in various asset classes (private debt, real estate, private equity and liquid strategies), including through its asset management subsidiaries, on behalf of institutional and private investors. Controlled by its managers, alongside leading institutional partners, Tikehau Capital employs more than 440 staff (as of 31 March 2019) in its Paris, London, Brussels, Madrid, Milan, New York, Seoul, Singapore and Tokyo offices.
Tikehau Capital is listed on the regulated market of Euronext Paris, Compartment A (ISIN code: FR0013230612; Ticker: TKO.FP) www.tikehaucapital.com
About Morgan Stanley Tactical Value Investing
Morgan Stanley Tactical Value Investing, a team within Morgan Stanley Investment Management, is focused on providing nimble, opportunistic capital with the flexibility to invest across asset classes, sectors and geographies in changing market environments.
DISCLAIMER:
This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed.
Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of Tikehau Capital and/or its affiliates. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or forecasts. All references to Tikehau Capital’s advisory activities in the US or with respect to US persons relate to Tikehau Capital North America.
