Tikehau Capital Creates Its First European Long-Term Investment Fund in Partnership With Banca March in Spain Offering Privat...
23 Abril 2020 - 2:00AM
Business Wire
Regulatory News:
Tikehau Capital (Paris:TKO), the alternative asset management
and investment group, today announces the creation of its first
European Long-Term Investment Fund (ELTIF) dedicated to Banca March
private clients in Spain.
Banca March is the only 100% family owned Spanish bank,
specialising in Private Banking, with close to a century of
experience investing in the real economy, and more than 10 years
co-investing in “real economy” projects alongside its clients.
This ELTIF fund dedicated to the energy transition will be
targeting all Banca March clients, offering them access to private
equity investment solutions focused on energy transition. This will
replicate Tikehau Capital’s Energy Transition fund launched with
Total SA in 2018 which offers a differentiated strategy, offering
strong financial returns while accelerating the transition to a
low-carbon economy.
The European ELTIF label was created in 2015 at the initiative
of the European authorities and applies to Alternative Investment
Funds (AIF) with the objective of providing long term financing
solutions to the “real economy”. Complementing Tikehau Capital’s
offer, it is designed to enable pan-European institutional and
private investors, particularly savers, to invest in very long-term
assets, including unlisted assets - among which private equity.
After Banca March’s deep analysis and approval to proceed with
this new co-investment project alongside its clients, and following
the successful partnership with Fideuram - Intesa Sanpaolo Private
Banking, Italy's largest private banking network - this is Tikehau
Capital's second initiative specifically addressing private
investors’ needs.
Carmen Alonso, Head of Iberia at Tikehau Capital, said: "We are
pleased to partner up with one of the best reputed private banks in
Spain, Banca March, with whom we share the same philosophy of
co-investing alongside our clients and strong alignment of
interests.”
Thomas Friedberger, Co-Chief Investment Officer and Chief
Executive Officer of Tikehau Investment Management added: “We are
proud that Banca March has decided to partner with us to satisfy
its private clients’ demand for private equity investment supported
by a strong ESG conviction. Driving energy transition through
long-term initiative to create growth is a key focus for our
company.”
Juan Antonio Roche, Head of Products Area at Banca March, said:
“It is our pleasure to announce the partnership with Tikehau, a
leading investor in Europe that shares with us a common
understanding of servicing clients as much as the financial
opportunity behind energy transition. We could not think of a
better time to move ahead with the changes in progress, a world
that after the COVID-19 will reinforce and accelerate the shift
towards a more sustainable energy system. Tikehau Capital’s Energy
Transition fund contributes with impact today while investing in
already profitable companies that are active in this growing
business.”
About Tikehau Capital:
Tikehau Capital is an asset management and investment group with
€25.8 billion of assets under management and shareholder equity of
€3.1 billion (as at 31 December 2019). The Group invests in various
asset classes (private debt, real estate, private equity and
capital markets strategies) including through its asset management
subsidiaries on behalf of institutional and private investors.
Controlled by its managers alongside leading institutional
partners, Tikehau Capital employs more than 530 staff (at 31
December 2019) in its Paris, London, Amsterdam, Brussels,
Luxembourg, Madrid, Milan, New York, Seoul, Singapore and Tokyo
offices.
Tikehau Capital is listed on the regulated market of Euronext
Paris. Compartment A (ISIN code: FR0013230612; Ticker: TKO.FP)
www.tikehaucapital.com
About Banca March:
Banca March is the parent company of one of the top financial
groups in Spain and the only family-owned Spanish Bank. Focusing in
private banking and corporate advisory services for businesses,
family businesses and entrepreneurial families, its business model
is based on prudence and long-term stakeholder relationships. The
guiding principle behind the bank’s strategy is customer, employee
and shareholder alignment of interests with a clear commitment to
shared growth. Banca March emerged as Europe’s most solvent bank in
the two stress tests undertaken by the European Banking Authority
(EBA) in 2010 and 2011. It currently has the lowest NPL ratio in
the Spanish financial sector and one of the highest solvency levels
in Europe. Banca March’s robust business model has received
recognition from Moody’s rating agency, which has upgraded the
bank’s long-term debt rating to A3, one of the highest rating in
the Spanish financial sector and a better rating than the Spanish
sovereign debt, which is currently rated Baa1. Banca March is one
of the main shareholders in Corporación Financiera Alba, which has
significant shareholdings in Naturgy (indirect), Acerinox, Indra,
Ebro Foods, BME, Viscofan, Euskaltel and Parques Reunidos, among
other companies.
www.bancamarch.es
Disclaimer
These funds are managed by TIKEHAU INVESTMENT MANAGEMENT SAS, a
portfolio management company approved by the AMF since 19/01/2007
under number GP-0700000006.
This document is not an offer of securities for sale or
investment advisory services. This document contains general
information only and is not intended to represent general or
specific investment advice. Past performance is not a reliable
indicator of future results and targets are not guaranteed.
Certain statements and forecasted data are based on current
expectations, current market and economic conditions, estimates,
projections, opinions and beliefs of Tikehau Capital and/or its
affiliates. Due to various risks and uncertainties, actual results
may differ materially from those reflected or contemplated in such
forward-looking statements or in any of the case studies or
forecasts. All references to Tikehau Capital’s advisory activities
in the US or with respect to US persons relates to Tikehau Capital
North America.
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Tikehau Capital Press:
Tikehau Capital : Valérie Sueur – +33 1 40 06 39 30 France - Image
7 : Florence Coupry – +33 1 53 70 74 70 UK - Finsbury: Arnaud Salla
& Charles O’Brien – +44 207 251 3801 press@tikehaucapital.com
Tikehau Capital Shareholders and
Investors: Louis Igonet - +33 1 40 06 11 11 shareholders@tikehaucapital.com
Banca March Press: Isabel
Lafont, Dir. Comunicación Externa - mlafont@bancamarch.es -
Teléfono: 91 432 3109 Javier Canaves - frcanaves@bancamarch.es -
Teléfono: 971 77 91 27 José Luis González -
jlgonzalez@kreab.com
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