Tikehau Capital, a French asset management group, announced on Monday that it was entering “into advanced discussions” with Nikko Asset Management, an Asian giant managing more than $219 billion in assets, for a commercial and capital partnership.
Mathieu Chabran, the co-founder of Tikehau Capital, May 4, 2022 in Beverly Hills. (AFP / PATRICK T. FALLON)
The agreement that could be concluded would notably result in “the creation of a joint venture dedicated to investment strategies in Asian private markets”, as well as “the acquisition by Nikko Asset Management of a stake in Tikehau Capital, through share acquisitions,” the French group said in a press release.
The number of Tikehau Capital shares held by Nikko Asset Management could “increase over time”, but it will in all cases remain lower than “the first legal threshold for declaration of crossing”, i.e. 5% of the share capital or rights of ownership. vote of the French company, according to the press release.
“This strategic partnership would significantly change the position occupied by Tikehau Capital in Asia. It would contribute not only to the global expansion of the group, but also to the promotion of our strategic vision focused on value creation,” declared the co-founders of Tikehau Capital, Antoine Flamarion and Mathieu Chabran, cited in the press release.
As of September 30, 2023, Tikehau Capital managed 42 billion euros in assets. The group recorded a record annual profit in 2022, to the tune of 320 million euros.