Singapore’s Temasek picks up stake in Tikehau

Temasek Holdings joined a family office and an insurer to inject €510m into the investment firm as it increases its footprint in the region.

Singapore state investment company, Temasek Holdings, has invested €94 million in French investment firm Tikehau Capital Partners, alongside the Peugeot family office FFP and French insurer MACSF, according to a statement from Tikehau.

Temasek now holds a 5 percent shareholding in Tikehau following the transaction.

The capital will be used to accelerate the asset manager’s international expansion, Tikehau said.

The French asset manager also said it had raised €416 million from an early conversion of its €176 million of convertible bonds issues in 2015 and a rights issue which raised €240 million in cash.

Tikehau has about €8 billion of assets across private equity, credit, private debt and real estate. Known investors in the firm’s funds include the Caisse des Depots et Consignations, Allianz Capital Partners, Fédération Française des Sociétés d'Assurances and Italian bank UniCredit, according to PEI Research & Analytics.

The Tikehau Group, the parent company of Tikehau Capital Advisors, had previously invested in the pan-Asian fund managed by TR Capital, as well as in London-based private equity firm, Duke Street Capital. In 2014, it acquired investment company Salvepar from French bank, Société Générale.

Temasek had recently set up its Americas Advisory Panel which consists of prominent business leaders in the US including Warbug Pincus president, Timothy Geithner, and chairman and chief executive of DuPont, Ellen Kullman.

Its European Advisory Panel was formed at the beginning of the yea and its members include Rolls-Royce chairman Ian Davis and the former chief executive of Allianz, Michael Diekmann.

Both advisory boards will advise provide Temasek with expert advice and global investment strategies.

Temasek has over S$266 billion of assets ($197 billion; €174 billion), with North America and Europe comprising about 17 percent of its overall portfolio.

Temasek declined to comment on the transaction.