Tikehau Capital Appointed by the Belgian Federal Government to Manage the Belgian Recovery Fund
September 02 2021 - 2:45AM
Business Wire
The fund aims to support local companies
throughout post-Covid recovery
Regulatory News:
Tikehau Capital (Paris:TKO), the global alternative asset
management group, present in Belgium since 2015, has been appointed
by the Belgian federal authorities to manage the Belgian Recovery
Fund, which will allocate up to €350 million to finance Belgian
companies negatively impacted by the Covid-19 pandemic. This
mandate confirms Tikehau Capital's active role to finance Europe’s
economic recovery.
Following a broad international consultation, the Federal
Holding and Investment Company (“SFPI-FPIM”) appointed Tikehau
Investment Management, Tikehau Capital’s asset management
subsidiary, as manager of the Belgian Recovery Fund, to support the
Belgian economy and businesses across the country.
The fund will grant subordinated and/or convertible loans over
the next five years to companies active in Belgium. The SFPI-FPIM
will commit €100 million in the fund, and up to €250 million will
be raised from Belgian and international institutional
investors.
This success is a recognition of the expertise of Tikehau
Capital’s local investment teams, led by Edouard Chatenoud, Head of
Benelux, which have an established track record in financing
Belgian companies.
Tikehau Capital is already involved in several similar
initiatives in Europe and this success confirms its role as a key
player in financing the economy and the post-Covid recovery.
Antoine Flamarion and Mathieu Chabran, co-founders of Tikehau
Capital stated: "Tikehau Capital is committed to playing a
leading role in financing the economic recovery in Europe and we
recognise the importance of this project for the Belgian economy
and employment in the region. This initiative has a particular
resonance for Tikehau Capital as Belgium is one of the first
countries in which we established an on-the-ground presence, and we
are delighted to receive the support of the Belgian government and
the nation’s federal institutions. It is an honour to offer the
expertise of our pioneering private debt teams for this ambitious
programme and share our experience in managing public funds through
this public-private partnership to drive Belgium’s economic
recovery."
According to Koen Van Loo, CEO, and Céline Vaessen, Chief
Investment Officer, at SFPI-FPIM: "Since the beginning of the
pandemic, SFPI-FPIM has injected more than €400 million to support
several dozen Belgian companies in its historical investment
sectors such as aeronautics and life sciences, which were strongly
impacted by the health crisis. We have also continued to invest in
the recovery, with new participations such as Univercells and
ExeVir Bio, which are developing solutions related to vaccination
and anti-Covid treatments. Following a market consultation, we are
delighted to have chosen Tikehau Capital to manage the Belgian
Recovery Fund, given its solid track record in Belgium and the
expertise of their teams."
ABOUT TIKEHAU
CAPITAL
Tikehau Capital is a global alternative asset management group
with €30.9 billion of assets under management (as of 30 June 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 629 employees (as of 30 June 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
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.
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PRESS CONTACTS: Tikehau Capital: Valérie Sueur – +33 1 40 06 39
30 UK – Prosek Partners: Henrietta Dehn – +44 7717 281 665 USA –
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press@tikehaucapital.com
SHAREHOLDER AND INVESTOR CONTACT: Louis Igonet – +33 1 40 06 11
11 shareholders@tikehaucapital.com
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