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Singapore's Temasek Buys Stake In French Investment House
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France's Tikehau is gearing up for international growth following the investments.
Singaporean investment company Temasek is among a group of investors injecting €510 million ($568 million) of equity into Tikehau Capital.
Following the completion of two share capital increases, Temasek has become a shareholder in Tikehau Capital Advisors, along with FFP, the Paris-listed family office of Peugeot, and French insurance group MACSF. Joining existing institutional shareholders Credit Mutuel Arkea and Amundi, they now each hold over 5 per cent of the company.
As of 1 July 2016, Tikehau managed over €8 billion in assets on behalf of institutional and private investors through its asset management subsidiary, Tikehau IM, its listed minority equity investment company, Salvepar, and its long-term investment company, Tikehau Capital Partners. The company has offices in Paris, Brussels, London, Milan and Singapore.
“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.
“We are very pleased to welcome Temasek and FFP into our group which will help us build a leading global investment management brand.”