(Bloomberg) -- Singapore's state-owned investment firm Temasek Holdings Pte has invested in French asset manager Tikehau Capital Partners as it expands investments in Europe.
Temasek was among investors injecting a total of 510 million euros ($567 million) in Tikehau Capital Partners and its holding company as part of two capital increases, the Paris-based firm said in a statement. The Singapore investor now holds a stake of more than 5 percent in the holding company, Tikehau Capital Advisors.
Julien Sanson, a spokesman for Tikehau, declined to comment on the exact stake of Temasek in both firms. Stephen Forshaw, a spokesman for Temasek, confirmed the transaction and declined to comment further.
Another new investor buying a stake in Tikehau Capital Advisors is French investment company FFP, the family office of the Peugeot clan, according to the statement. They join existing holders including Amundi SA and Credit Mutuel Arkea SA.
To contact the reporter on this story: Klaus Wille in Singapore at kwille@bloomberg.net. To contact the editors responsible for this story: Sree Vidya Bhaktavatsalam at sbhaktavatsa@bloomberg.net, Marcus Wright
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
