Tikehau Capital planning EUR 700m capital increase at EUR 22 per share
21 MAY 2019
Tikehau Capital [EPA: TKO] announced it is contemplating, subject to market conditions, launching a capital increase for a minimum amount of EUR 700m, at a minimum price of EUR 22 per share. This potential capital increase, which would be open to both new and existing investors, could be launched before the end of the third quarter of 2019.
Tikehau Capital Advisors and the Group’s management have confirmed that, if such a transaction is launched, they intend to invest at least EUR 400m, subject to obtaining from the French financial markets authority (the Autorité des Marchés Financiers, or “AMF”) an exemption from the obligation to launch a mandatory tender offer. In the event that the capital increase is launched, its terms and the manner of its implementation would be communicated at a later stage in a prospectus subject to an AMF visa.
As of March 31, 2019, Tikehau Capital assets under management amounted to EUR 22.4bn, up +EUR 0.4bn in the first quarter of 2019, a comparable increase to the one recorded in Q1 2018. They comprise EUR 20.8bn for the Group’s asset management business and EUR 1.6bn for its investment business.
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