France's Tikehau Capital Advisors raises around $335 mln in equity (updated)

Peugeot Invest SA

20/05/2019 08:45

(Adds detail and share price)
    PARIS, May 20 (Reuters) - France's Tikehau Capital Advisors
raised at least 300 million euros ($335 million) in new equity,
buoying its shares, in a deal which will see a Morgan Stanley
 MS.N  investment vehicle take a stake.
    The capital raising includes reinvestments by Tikehau
Capital Advisors' founders and managers, who will remain
controlling shareholders with more than 60% of its share
capital.
    Tikehau said there were also additional commitments from
existing institutional partners Temasek, FFP and MACSF.
    "The Morgan Stanley Tactical Value Investing team is pleased
to partner with Tikehau Capital Advisors in support of Tikehau
Capital SCA's growth," said Pedro Teixeira, co-head of the
Morgan Stanley Tactical Value Investing team.
    Tikehau Capital's shares rose 1.5 percent in early trading.
    The investment company said it would use the proceeds of the
fundraising to help its expansion.
    Tikehau has recently employed figures from the world of
politics to raise its profile. It recently hired former French
prime minister and 2017 presidential election candidate Francois
Fillon and earlier this year hired Peter Westmacott, ex-British
ambassador to the United States. 
    ($1 = 0.8967 euros)

 (Reporting by Sudip Kar-Gupta; editing by Stephen Coates and
Jason Neely)
 ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))