Linklaters advised the Singapore investment firm Temasek on its acquisition of a stake in Tikehau.
Through a capital increase of €94m, Tikehau Capital Advisors (TCA), a holding company of the Tikehau group, gained a new shareholder in Temasek alongside the French investment firm FFP (a company controlled by the Peugeot family group) and MACSF, French insurer of health professionals. Temasek thus links TCA capital to the institutional investors Crédit Mutuel, Arkea and Amundi.
In addition to these investors, the TCA has seen a €17m increase in capital by Tikehau Capital founders, partners and management.
At the same time, Tikehau Capital Partners (TCP) (long-term investment structure of the Tikehau group) undertook a capital increase in the amount of €416m through the early conversion of bonds issued in 2015 for €176m, as well as a €240m share capital increase in cash to which Temasek is a subscriber.
These two capital increases amount to a total of €510m. As of 1 July 2016, the group had over €8bn in managed assets.
The Linklaters team was led by Vincent Ponsonnaille, partner, with Nicolas Le Guillou and Fanny Grasset on Corporate/M&A. Marc Perrone, partner, was brought in on regulatory matters, supported by Héloïse Cancellieri.
Cleary Gottlieb Steen & Hamilton LLP (France) (Pierre-Yves Chabert, Anne-Sophie Coustel) were responsible for advising the Tikehau group.
For further information please contact Aurore Schlumberger on (+33) 1 56 43 27 73.