Tikehau Capital Sells Eurazeo Shares for €225 Million

October 22, 2019

Cleary Gottlieb advised Tikehau Capital with the sale, through an accelerated bookbuilding process, of 3.5 million shares representing 4.45% of Eurazeo’s share capital, for a total consideration of approximately €225 million.

The transaction launched on October 17, 2019 and closed on October 22, 2019.

The Eurazeo shares were offered to institutional investors by Citigroup Global Markets Limited and Credit Suisse Securities (Europe) Limited, acting as joint bookrunners, placing agents, and underwriters.

Tikehau Capital retains a 5.1% residual stake in Eurazeo’s share capital, with respect to which it has committed to a 90-day lock-up period starting from the settlement of the transaction.

Tikehau Capital is an asset management and investment group with €23.4 billion of assets under management (as of June 30, 2019) and shareholders’ equity of €3.1 billion (as of June 30, 2019). The group invests in various asset classes (private debt, real estate, private equity, and liquid 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 480 staff (as of June 30, 2019) in its Paris, London, Brussels, Madrid, Milan, Luxemburg, New York, Seoul, Singapore, and Tokyo offices.