Temasek, FFP become Tikehau shareholders

The Singaporean investor and Peugeot family office have joined the French firm’s roster of institutional backers.

Tikehau Capital, the French investment firm which covers various asset classes including private debt through asset manager Tikehau IM, has announced two new institutional investors.

Through a €94 million capital increase, Singaporean investment company Temasek and French investment company FFP (the listed Peugeot family office) have become new shareholders in Tikehau alongside French insurance group MACSF.

Each of Tikehau’s institutional shareholders, including existing backers Credit Mutuel Arkea and Amundi, hold over 5 percent each of Tikehau Capital.

A rights issue by Tikehau comprised circa €17 million in subscriptions from founders, partners and senior management of the firm in order to maintain the current ownership and controlling shareholdings in the group.

In parallel to the rights issue, Tikehau completed a €416 million capital increase as the result of the early conversion of €176 million of convertible bonds issued in 2015, as well as a rights issue raising an additional €240 million in cash.

“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,” said Antoine Flamarion and Mathieu Chabran, co-founders of Tikehau Capital, in a statement.

Tikehau Capital manages more than €8 billion for institutional and private investors in listed and private equity, credit, private debt, special situations and real estate through asset management subsidiary Tikehau IM, listed minority equity investment company Salvepar, and long-term investment company Tikehau Capital Partners.