International Finance
Asset Management

Morgan Stanley acquires minority stake of 5.5% in French firm Tikehau

Morgan Stanley, Tikehau, North Haven Tactical Value Fund
The deal could prove to be lucrative as Tikehau has been seeking investors and new asset classes in North America

American multinational investment bank Morgan Stanley is acquiring a 5.5 percent stake in Tikehau, a French asset management firm, the Financial Times reported. Tikehau has been seeking investments and collaborations in North America for quite some time now. Its deal with Morgan Stanley could create better opportunities for the firm with investors and new asset classes.

Morgan Stanley will invest €300 million of fresh equity along with other existing investors, sources close to the matter said. The deal has closed, Pensions & Investments reported. This could prove to be a very lucrative round of capital raise for Tikehau.

The bank will be investing in Tikehau through its North Haven Tactical Value Fund. It is a closed private equity fund managed by Morgan Stanley. The fresh capital invested in Tikehau will be used to boost the firm’s growth. That said, potential investors will be closely watching its growth and moves in the capital markets.

Antoine Flamarion and Mathieu Chabran, co-founders of Tikehau Capital Advisors said in a joint news release, “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.”

In response to the deal, Mathieu Chabran, co-founder of Tikehau said that the ‘new shareholders’ could also introduce industry and local expertise into the business. “All asset managers are looking for long-term capital because they help take the business forward with strategic ideas, opening of new offices, and new asset classes.”

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