Tikehau completes Credit.fr acquisition

The acquisition will allow the firm to enter the smaller end of the loan market, providing financing of up to €1m to small businesses.

Tikehau Investment Management has acquired French-based crowdlending platform Credit.fr. The acquisition cost the asset manager €12 million, according to a company announcement.

The move represents the first exploration of “fintech” from Tikehau, Guillaume Arnaud, managing director at Tikehau, told PDI. “For us, it’s a first move in what I would say is the fintech area.”

Credit.fr is a “crowdlending” platform, providing loans to small businesses. Arnaud noted the platform generally provides financing between €50,000 and €200,000. The small value of these loans means it would add diversification to Tikehau’s existing direct lending capabilities.

“We consider it a good new asset class,” Arnaud said. “It can create an asset class that can suit institutional investors.” He added if Tikehau receives enough interest in the platform from larger institutional investors it should be able to increase the size of loans provided by the platform to €1 million.

Tikehau has been active in taking steps to raise its assets under management in recent months. The firm announced in March it planned to double its AUM by the year 2020. Earlier this month, the firm also announced its intention to raise €500 million from shareholders as part of a capital raise to help meet its objectives.