Tikehau Capital and DWS Enter Strategic Alliance Agreement
October 16 2018 - 11:45AM
Business Wire
- The two asset managers deepen the
relationship following TKO’s investment in DWS
- Initiatives include
cross-investments in reciprocal Alternatives products and
exploration of co-investment opportunities
- Agreement also covers potential
launch and distribution of joint products
Regulatory News:
DWS Group and Tikehau Capital (Paris:TKO) have agreed to enter
into a strategic alliance, deepening their relationship following
Tikehau’s participation in the initial public offering of DWS in
March 2018. With the agreement, the two asset managers aim to
identify and develop various business opportunities.
“This is an important alliance aligned fully to our ambition to
expand our presence further in the Alternatives asset class, an
area where we see sharply increasing interest from clients,” said
Nicolas Moreau, CEO and Chairman of the Executive Board of DWS
Group. “We look forward to working closely with Tikehau Capital to
the benefit of our clients, bringing together our complementary
skills and expertise in alternative investing.”
“With this strategic alliance, we are creating a framework to
deliver significant added-value based on our respective expertise,”
said Antoine Flamarion, co-founder of Tikehau Capital. “It shows
how meaningful it was to participate in DWS’ IPO. We are working
closely on the implementation of our respective growth strategies
and on additional initiatives.”
DWS and Tikehau Capital intend to explore a number of
initiatives:
- DWS and Tikehau Capital intend to
launch a joint product leveraging the two companies’ alternative
asset management expertise and platforms. This new product is
expected to be launched in 2019.
- DWS and Tikehau Capital intend to
cross-invest in respective funds:
- DWS plans to participate in Tikehau’s
Subordinated Financial Debt expertise
- Tikehau plans to participate in DWS’
sustainable and impact investing expertise
- DWS intends to invest into a new
initiative by Tikehau Capital which would pursue a special
situation strategy
- DWS is also considering further
investments in other Tikehau funds
- DWS and Tikehau Capital intend to
strengthen their links and discussions on Private Equity and
non-listed Infrastructure opportunities. DWS and Tikehau Capital
will mutually bring value and expertise to each other with
significant beneficial effects on deal co-sourcing and co-invest
opportunities. The two asset managers see particular opportunities
in sustainable and impact investing.
- TKO's loans expertise will be
introduced to DWS’s German client base.
Other initiatives include collaborating on identifying funds for
potential distribution through the companies’ respective channels
and seeking to find and consider co-investment opportunities for
funds managed by either DWS or Tikehau.
The two asset managers will start their alliance immediately.
All cooperation initiatives will be subject to both companies’
legal, regulatory (including anti-trust), accounting and tax due
diligence and approval.
About Tikehau Capital:
Tikehau Capital is an asset management and investment group,
which manages €14.8 bn of assets (as at 30 June 2018), with
shareholders’ equity of €2.3 bn (as at 30 June 2018). The Group
invests in various asset classes (private debt, real estate,
private equity and liquid strategies), including through its asset
management subsidiary Tikehau IM, on behalf of institutional and
private investors. Controlled by its managers, alongside leading
institutional partners, Tikehau Capital employs 230 staff (as at 30
June 2018) in its Paris, London, Brussels, Madrid, Milan, New York,
Seoul and Singapore offices.
Tikehau Capital is listed on the regulated market of Euronext
Paris, Compartment A (ISIN code: FR0013230612; Ticker: TKO.FP)
www.tikehaucapital.com
About DWS Group:
DWS Group GmbH & Co. KGaA (DWS) is one of the world's
leading asset managers with EUR 687bn of assets under management
(as of 30 Jun 2018). Building on more than 60 years of experience
and a reputation for excellence in Germany and across Europe, DWS
has come to be recognized by clients globally as a trusted source
for integrated investment solutions, stability and innovation
across a full spectrum of investment disciplines.
We offer individuals and institutions access to our strong
investment capabilities across all major asset classes and
solutions aligned to growth trends. Our diverse expertise in
Active, Passive and Alternatives asset management – as well as our
deep environmental, social and governance focus – complement each
other when creating targeted solutions for our clients. Our
expertise and on-the-ground-knowledge of our economists, research
analysts and investment professionals are brought together in one
consistent global CIO View, which guides our strategic investment
approach.
DWS wants to innovate and shape the future of investing: with
staff from 35 nationalities, speaking more than 75 languages rooted
in 22 countries, we are local while being one global team.
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Press Contacts:Tikehau Capital:Dorothée Duron-Rivron – +33 1 40
06 18 48Finsbury: Arnaud Salla & Charles O’Brien – +44 207 251
3801press@tikehaucapital.comorImage 7: Grégoire Lucas &
Florence Coupry – +33 1 53 70 74 70orDWS:Adib Sisani - Tél. : +49 (0)69 910 61960E-Mail
: adib.sisani@dws.comorKarsten Swoboda - Tél. : +49 (0)69 910
14941E-Mail : karsten.swoboda@dws.comorShareholders and Investors
ContactTikhehau
Capital:Louis Igonet - +33 1 40 06 11
11shareholders@tikehaucapital.com
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