Tikehau Capital to Acquire Sofidy

September 26, 2018

Cleary Gottlieb is representing Tikehau Capital in the conclusion of an exclusive negotiation agreement, for the acquisition of Sofidy from its historic family shareholders.

The transaction will allow Tikehau Capital to strengthen its presence in the real estate asset management market and thus improve the Group’s business mix.

The deal will be submitted to Sofidy’s labor-representation bodies for consultation and to the French market authority and competent competition authorities for approval, with a view to completing the transaction by the end of 2018.

After the definitive completion of the Sofidy acquisition, Tikehau Capital intends to launch a takeover bid for the securities of Selectirente (shares and convertible bonds), a property company specialized in commercial leasehold properties, partially owned by Sofidy.

Since Sofidy was founded in 1987, the company has been a major player in real estate asset management in France.