Tikehau Capital Advisors today announced that Morgan Stanley Investment Management has acquired a 5% stake in the Paris-based investment firm.
The American bank's stake is part of a wider €300m investment, of which €195m has been from new shareholders including Morgan Stanley, according Tikehau.
Tikehau Capital Advisors has received €195m in new equity as part of a share capital increase of at least €300m. The fresh equity was provided by one of Morgan Stanley's funds (North Haven Tactical Value), among others.
New shareholders bring industry and local expertise.”
The new equity raised includes reinvestment by Tikehau Capital Advisors' founders and managers, who will remain controlling shareholders in the firm with more than 60% of its share capital, as well as additional commitments from existing institutional partners: Temasek, FFP and MACSF.
The proceeds of this share capital increase will be used for corporate general purposes and to support Tikehau Capital SCA's plans for expansion and growth.
"We are proud to welcome the commitment from our newest shareholder, the North Haven Tactical Value Fund, which is managed by a Morgan Stanley Investment Management team, and to see that our shareholders, Temasek, FFP and MACSF, are reinforcing their ownership in Tikehau Capital Advisors," said Antoine Flamarion and Mathieu Chabran, founders and co-heads of Tikehau Capital Advisors.
"The Morgan Stanley Tactical Value Investing team is pleased to partner with Tikehau Capital Advisors in support of Tikehau Capital SCA's growth," said Pedro Teixeira, co-head of Morgan Stanley Tactical Value Investing.
"Tikehau Capital is a premier asset manager comprised of seasoned investment professionals with strong investment performance. We look forward to working with Tikehau Capital Advisors' management to build on Tikehau Capital's successful platform as they enter an exciting new period of expansion."
Mathieu Chabran, co-founder of Tikehau, said "New shareholders bring industry and local expertise."