Tikehau Capital in Shareholding Structure Reorganization

July 15, 2021

Cleary Gottlieb represented Tikehau Capital in the reorganization of its shareholding structure.

The reorganization aims at implementing a simpler structure as well as resetting financial flows between Tikehau Capital and its related parties.

The main steps of the reorganization, which is a global transaction, are detailed below:

  • Appointment of Tikehau Capital Commandité as general partner (associé commandité) and AF&Co Management and MCH Management as managers (gérants) of Tikehau Capital
  • Merger of Tikehau Capital General Partner, Tikehau Capital’s former sole general partner, into Tikehau Capital. Following completion of the merger, Tikehau Capital Commandité is the sole general partner of Tikehau Capital
  • Contribution by way of a partial contribution of assets placed under the legal regime for spin-offs of all the assets and liabilities relating to Tikehau Capital’s central corporate functions housed within Tikehau Capital Advisors (including employment contracts, leasehold rights, and physical assets).

The reorganization was approved by the combined general meeting of Tikehau Capital’s shareholders held on July 15, 2021. In consideration for the contributions resulting from the merger of Tikehau Capital General Partner and the contribution of Tikehau Capital’s central corporate functions, both valued at €1.15 trillion, Tikehau Capital issued 39 million new shares for the benefit of Tikehau Capital Advisors.

Tikehau Capital is a global alternative asset management group with €29.4 billion of assets under management (as of March 31, 2021). Tikehau Capital has developed a wide range of expertise across four asset classes (private debt, real assets, private equity, and capital markets strategies) as well as multi-asset and special opportunities strategies. Controlled by its managers alongside leading institutional partners, Tikehau Capital is guided by a strong entrepreneurial spirit and DNA, shared by its 607 employees (as of March 31, 2021) across its 12 offices in Europe, Asia, and North America.