Tikehau Capital

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Contemplated share capital increase opened to all shareholders to prepare for the next phase of development of Tikehau Capital

Tikehau Capital (the “Company”) announces today its intention to proceed, subject to certain conditions1, with a share capital increase opened to all shareholders for a minimum amount of €500 million (the “Capital Increase”). The Capital Increase is expected to be completed at a price of €22 per new share of the Company.

The contemplated Capital Increase will provide Tikehau Capital with additional resources to finance its next phase of development and to accelerate its growth.

In an Alternative Asset Management industry consolidating around two profiles of players (multi-strategy asset management companies and specialized boutiques) the Company intends to:

  • grow its asset management business and realize attractive returns on capital through the combination of balance sheet and asset management;
  • pursue organic growth of existing and new strategies in order to reach the objective of €20 billion of assets under management by 2020; and
  • capitalize on critical mass and market visibility and credibility to accelerate opportunities in M&A across both existing and new strategies and geographies.

Tikehau Capital has already received strong indications of interest from certain current shareholders and other institutional investors in the context of the proposed Capital Increase.

Tikehau Capital’s controlling shareholders2 held by the founders and management intend to participate to the Capital Increase for an aggregate amount of €165 million.

Tikehau Capital’s decision to effectively proceed with the transaction could be taken quickly, but remains subject to market conditions and the approval by the AMF of the Prospectus. Subject to the above, the final terms of the Capital Increase will be set out in the Prospectus approved by the AMF and announced following the AMF’s approval.

Before taking any decision to invest in Tikehau Capital securities (or, if applicable, any decision to participate in the Capital Increase), investors are invited to carefully review the risk factors presented in Section III (Risk factors) of Tikehau Capital’s Reference Document for 2016 and those that would, in due course, be presented in Section 2 of the securities note. Tikehau Capital’s 2016 Reference Document is available on the Company’s website (www.tikehaucapital.com/en).

N.B. – The text does not bind the staff of LMFInternational. Only the companies, organizations and associations which sign the press release and which are clearly indicated in the title of the text, are responsible for its information and contents.