FFP invests EUR 70m in Tikehau Capital
FFP is investing EUR 70m as part of the EUR 510m share capital increases carried out by the Tikehau Capital group. Through its investment, FFP is supporting the development of a fast-growing group operating in the asset management sector, which shows low correlation with its existing holdings. FFP and Tikehau Capital have already carried out one joint investment, in Eren Renewable Energy in 2015.
With EUR 8bn of assets under management, Tikehau Capital – via its long-term investment vehicle Tikehau Capital Partners, its asset management company Tikehau Investment Manager and Salvepar, a listed investment company focused on minority holdings – is a major European asset management and investment group. It has generated rapid growth in the last few years. The current capital increases will enable it to continue its global development strategy and accelerate its international expansion through both organic and external growth.
FFP, alongside Singapore's sovereign wealth fund Temasek and insurance group MACSF, is buying a 5.5% stake in the group's holding company Tikehau Capital Advisors (TCA), which is controlled by its founders Antoine Flamarion and Mathieu Chabran alongside partners and top management, who are collectively investing EUR 17m in the transaction. FFP will be represented on TCA's Board of Directors. FFP is also investing in Tikehau Capital Partners (TCP), to own a 5,2% stake in that longstanding investment vehicle.
Robert Peugeot made the following comments: "I am delighted that FFP is joining the Tikehau Capital's founders and their team in supporting the development of a major player in asset management, a sector that represents an attractive new diversification for FFP. The strengthening of Tikehau and FFP's relations should enable us to seize investment opportunities that create value over the long term."