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Tikehau Group announces significant operations to support its development PDF Print E-mail
Friday, 29 May 2015

Tikehau Group, a diversified investment firm active across all asset classes, today announced the completion of a series of significant operations supporting its development, changing its ownership structure and further reinforcing its investment companies’ balance sheet.

Tikehau Group has successfully placed a cumulative c. EUR 325 million convertible bonds.

On the one hand, Tikehau Capital Partners, the flagship investment vehicle of the group completed its first capital market transaction by issuing c. €175 million senior unsecured convertible bonds due January 2022, expected to be listed in Frankfort. This placement provides Tikehau Capital Partners with long-term resources to pursue its growth.

On the other hand, Salvepar, the Group’s investment company targeting listed and non-listed SMEs through minority investments and quoted on the Paris Stock Exchange also completed its first transaction on the equity-linked capital market.

The company has proceeded to the successful placement of cash option bonds redeemable in cash and/or exchangeable for existing shares (ORNANEs) due January 2022 for a nominal amount of c. €150 million.

In parallel, Crédit Mutuel Arkéa, a leading banking and insurance company in France and a long-standing partner of the Tikehau Group, has proceeded to a reallocation of its equity interest within the Groups entities. Upon this reallocation, Credit Mutuel Arkéa becomes a 6.8% shareholder in Tikehau’s management company together with Amundi (6.8%), Unicredit (2.2%) and Founders and Management (84.2%).

As a consequence of these operations the Group’s founders and management have been able to increase their ownership in the Group investment companies’ holding.

Antoine Flamarion, Founder and chairman of the Tikehau Group commented: “Our Group has grown significantly in size and scale over the past decade. Taking advantage of favourable market conditions, we have been able to secure attractive financing for our Group’s development. I am also very pleased to reinforce our relationship with Crédit Mutuel Arkéa, one of our historical shareholders and through the reallocation of its investment in the Group, allowed the management of Tikehau to have a greater share of the company, something that is important for us.”

(Source - Tikehau Group Press Release)


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