Tikehau Capital Strengthens Partnership With Augmentum Fintech
July 13 2021 - 02:39AM
Business Wire
- Tikehau Capital raises stake in UK listed fintech investment
company
- Augmentum to establish a presence in Paris and leverage
Tikehau Capital’s global footprint
Regulatory News:
Augmentum Fintech, the UK’s only publicly listed investment
company focusing on the fintech sector, and Tikehau Capital
(Paris:TKO), the global alternative asset manager, today announce
an enhanced partnership to promote further growth in the burgeoning
European fintech sector.
Covid-19 has been a catalyst for many fintech companies with an
increasing demand from both consumers and businesses for enhanced
digital capabilities. As the only publicly listed Fintech venture
capital fund in the UK, Augmentum Fintech is playing a key role in
supporting fintech companies to maximise their growth potential. As
at end June 2021, Augmentum has backed 22 companies across
diversified fintech verticals, with a current NAV of £183m.
Tikehau Capital and Augmentum Fintech are strengthening their
links through the establishment of a close partnership. To cement
this partnership, Tikehau Capital has raised its stake in Augmentum
by becoming an investor in the company’s recent £55 million share
issuance, which was completed on 13 July 2021.
As a firm driven by a strong entrepreneurial culture, Tikehau
Capital wants to seize compelling investment opportunities and
support industries that are undergoing major transformation,
benefitting from strong growth potential. By partnering with
Augmentum, Tikehau Capital increases its exposure to venture
capital, on top of its investment in Ring Capital, a leading
private equity firm specialising in the financing of technology and
digital companies. In addition, Tikehau Capital is already a
majority shareholder in two French fintechs, Crédit.fr and
Homunity, and a significant shareholder in the Australian neo-bank
Judo Bank. The Group continues to see ample value-creating
opportunity in the innovative fintech sector.
The enhanced relationship between the two companies also sees
Augmentum declare its intention to establish a presence in mainland
Europe. From Paris, Augmentum will leverage Tikehau Capital’s
global footprint to support its significant pan-European investment
pipeline. Recent investments by Augmentum include Epsor, an
employee savings and retirement solution based in France;
Tesseract, a digital asset innovator focusing on institutional
brokerage and asset management based in Finland; and Grover, a
start-up offering a rental service for consumer electronics in
Germany.
Tim Levene, CEO of Augmentum Fintech commented: “France,
like the UK, has seen a step change in digital adoption because of
Covid-19, and Paris, like London, is becoming a major focus for
fintech investment. Tikehau Capital, headquartered in Paris, is one
of Europe’s most entrepreneurial and innovative alternative asset
managers, and we look forward to working more closely with them
over the coming years”.
Antoine Flamarion and Mathieu Chabran, co-founders of Tikehau
Capital, added: “We have known Tim Levene and the Augmentum
team for several years and are delighted to further strengthen our
partnership, combining our unique investment expertise and deep
European experience. Beyond our financial investment, this
partnership will also see Augmentum benefit from Tikehau Capital’s
pan-European network and footprint, as well as our expertise in the
European fintech sector where we continue to see positive market
dynamics.”
About Tikehau Capital
Tikehau Capital is a global alternative asset management group with
€29.4 billion of assets under management (as of 31 March 2021).
Tikehau Capital has developed a wide range of expertise across four
asset classes (private debt, real assets, private equity and
capital markets strategies) as well as multi-asset and special
opportunities strategies. Tikehau Capital is a founder led team
with a differentiated business model, a strong balance sheet,
proprietary global deal flow and a track record of backing high
quality companies and executives. Deeply rooted in the real
economy, Tikehau Capital provides bespoke and innovative
alternative financing solutions to companies it invests in and
seeks to create long-term value for its investors, while generating
positive impacts on society. Leveraging its strong equity base
(€2.8 billion of shareholders’ equity as of 31 December 2020), the
firm invests its own capital alongside its investor-clients within
each of its strategies. Controlled by its managers alongside
leading institutional partners, Tikehau Capital is guided by a
strong entrepreneurial spirit and DNA, shared by its 607 employees
(as of 31 March 2021) across its 12 offices in Europe, Asia and
North America. Tikehau Capital is listed in compartment A of the
regulated Euronext Paris market (ISIN code: FR0013230612; Ticker:
TKO.FP). For more information, please visit:
www.tikehaucapital.com
About Augmentum Fintech
Augmentum invests in fast growing fintech businesses that are
disrupting the financial services sector. Augmentum is the UK’s
only publicly listed investment company focusing on the fintech
sector in the UK and wider Europe, having launched on the main
market of the London Stock Exchange in 2018, giving businesses
access to patient capital and support, unrestricted by conventional
fund timelines and giving public markets investors access to a
largely privately held investment sector during its main period of
growth.
Disclaimer: This document
does not constitute an offer of securities for sale or investment
advisory services. It contains general information only and is not
intended to provide general or specific investment advice. Past
performance is not a reliable indicator of future earnings and
profit, and targets are not guaranteed. Certain statements and
forecasted data are based on current forecasts, prevailing market
and economic conditions, estimates, projections and opinions of
Tikehau Capital and/or its affiliates. Due to various risks and
uncertainties. actual results may differ materially from those
reflected or expected 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 relate to Tikehau Capital North America.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210712005878/en/
Press contacts: Tikehau
Capital: Valérie Sueur – +33 1 40 06 39 30 UK – Prosek Partners:
Henrietta Dehn – +44 7717 281 665 USA – Prosek Partners: Trevor
Gibbons – +1 646 818 9238 press@tikehaucapital.com
Shareholder and investor
contact: Louis Igonet – +33 1 40 06 11 11
shareholders@tikehaucapital.com
Tikehau Capital (EU:TKO)
Historical Stock Chart
From Feb 2024 to Mar 2024
Tikehau Capital (EU:TKO)
Historical Stock Chart
From Mar 2023 to Mar 2024