The deal, which is subject to regulatory approvals, will see Amundi, alongside partner Akea, acquire a 12.8% stake in Tikehau, a fixed income specialist. Amundi will also become a shareholder in Tikehau Capital Advisors, the head structure of the Tikehau group, with 7.3% of its capital.
The two companies plan to launch products under the Amundi/Tikehau dual brand adding they will also “explore future avenues of cooperation in all their areas of expertise”.
Yves Perrier, chief executive at Amundi, said: “This operation confirms Amundi’s commitment to develop Paris’ asset management industry together with its most innovative entrepreneurial players.”
Tikehau group president and founder Antoine Flamarion said: “Together, we will be able to offer many clients bespoke, innovative and high value-added products, especially in the private debt area where Tikehau has established a renowned expertise in recent years in Europe.”
Amundi is the top ranking asset management company in Europe with close to €780bn assets under management worldwide.
Tikehau was founded in 2004 to invest and manage long-term capital for institutional and private investors. In 2007 it launched Tikehau IM, an investment company specialising in fixed income products. The Tikehau Group manages over €3bn in investments and has €500m in shareholders’ equity.
