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Singapore's Temasek buys stake in French investment firm Tikehau
[SINGAPORE] Temasek Holdings Pte has invested in French asset manager Tikehau Capital Partners as it expands investments in Europe.
Temasek was among investors injecting a total of 510 million euros (S$763.6 million) in Tikehau Capital Partners and its holding company as part of two capital increases, the Paris-based firm said in a statement.
The Singapore investor now holds a stake of more than 5 per cent in the holding company, Tikehau Capital Advisors.
Julien Sanson, a spokesman for Tikehau, declined to comment on the exact stake of Temasek in both firms, while saying that it's the first time Temasek invested in them.
Stephen Forshaw, a spokesman for Temasek, confirmed the transaction and declined to comment further.
Another new investor buying a stake in Tikehau Capital Advisors is French investment company FFP, the family office of the Peugeot clan, according to the statement. They join existing holders including Amundi SA and Credit Mutuel Arkea SA.