May 20, 2019 / 5:15 AM / a month ago

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

PARIS, May 20 (Reuters) - Tikehau Capital Advisors said it had raised at least 300 million euros ($335 million) in new equity, in a deal which will see an investment vehicle of Morgan Stanley’s North Haven Tactical Value arm become a new shareholder in the French group.

The capital raising also includes reinvestments by Tikehau Capital Advisors’ founders and managers, who will remain controlling shareholders in the firm with more than 60% of its share capital, as well as additional commitments from existing institutional partners Temasek, FFP and MACSF, added Tikehau.

“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 Morgan Stanley Tactical Value Investing team, on Monday.

$1 = 0.8967 euros Reporting by Sudip Kar-Gupta; Editing by Stephen Coates

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