This press release is not intended for
publication, dissemination, transmission, or distribution directly
or indirectly to or within the United States of America, Canada,
Australia, Japan or any other country in which the publication,
dissemination, transmission or distribution of this press release
is unlawful.
Regulatory News:
Tikehau Capital (Paris:TKO), the global alternative asset
management group, today announces that it has successfully launched
and priced an inaugural sustainable bond issue for a total amount
of €500 million maturing in March 2029. This issue of senior
unsecured sustainable bond is associated with a fixed annual coupon
of 1.625%, the lowest ever achieved by the Group.
- This is the first ever public sustainable benchmark bond issued
by an alternative asset manager in Euro
- Tikehau Capital’s first sustainable bond is a key step to
accelerate the Group’s impact strategy around its four pillars:
climate change, social inclusion, healthcare, and innovation
- This sustainable bond is the first to rely on an innovative
Sustainable Bond Framework that allows the Group to invest the
proceeds into sustainable assets (green and social activities) and
ESG funds aligned with the Group’s priority SDGs
- Through this operation, Tikehau Capital extends its average
debt’s maturity to 5.5 years
- This issuance reinforces the Group’s impact investment strategy
alongside its private equity energy transition platform and its
impact lending fund as well as its by-design global ESG investment
approach
Mathieu Chabran, co-founder of
Tikehau Capital, said:
"Tikehau Capital has placed ESG at the very heart of its
operations and impact is the new frontier. We are developing
strategies which address societal challenges while generating
competitive financial returns for investors. The success of this
first-ever sustainable bond is a new step forward that will allow
the Group to reflect its voluntary ESG policy into its financing
structure. With this sustainable bond, we want to focus our
investments on sustainable companies and projects, but also on
funds that can have a significant social or environmental impact.
We would like to thank our bondholders and investors who have
participated to this transaction and so help us institutionalize
impact investing.”
Laure Villepelet, head of CSR/ESG of
Tikehau Capital added:
“The issuance of this first sustainable bond is also a strong
message to our teams: Tikehau Capital aims to strengthen its
investments in its own funds and invites its investment teams to
develop funds with sustainable themes.”
The issuance of this first sustainable bond is part of Tikehau
Capital’s impact strategy. It encourages the launch of new
initiatives and sustainable funds, with underlying investments that
will comply with the specific ESG and impact criteria set for the
bond itself.
Tikehau Capital is successfully building an impact investing
platform, with three dedicated funds launched across the Group’s
strategies in the recent years:
- In 2018, Tikehau Capital launched T2 Energy Transition fund, a
private equity fund dedicated to energy transition. On 23 February
2021, Tikehau Capital announced it has finished fundraising for
this strategy for a total exceeding €1bn.
- In 2020, Tikehau Capital launched Tikehau Impact Lending (TIL),
aiming at providing financing solutions with terms and conditions
depending on the underlying companies’ ESG performance. The first
closing of this impact lending fund has been achieved for c. €100
million at end-December 2020 with the support from the European
Union.
- In 2021, Tikehau Capital intends to launch a new high yield
impact fund within its capital markets strategies.
This first issue of sustainable bond has reached a strong
appetite from investors which confirms their confidence in the
credit quality of Tikehau Capital.
It has been placed with a diversified base of more than one
hundred investors and has been subscribed by more than 75% of
international investors.
Tikehau Capital’s long-term issuer credit rating has been
confirmed by Fitch Ratings at the beginning of 2021 at BBB- with a
stable outlook. Tikehau Capital’s ESG performance has also been
recognized in particular in 2020, and positions the Group among the
best players in its industry:
- Tikehau Capital has been awarded an A+ overall score by the UN
PRI (United Nations Principles for Responsible Investment) and for
the second year in a row, received an A+ score in the Strategy and
Governance module covering the firm’s overall responsible investing
and ESG approach.
- In September 2020, Tikehau Capital has been assigned a 66/100
inaugural ESG rating by Vigeo, placing the Group among the best
European companies in its field.
- Tikehau Capital is ranked 4th by Sustainalytics, out of a
universe of more than 250 asset managers and custodians, reflecting
a low level of exposure to ESG risks as well as a highly effective
ESG risk management policy.
The sustainability aspects of this bond issue have been
structured in collaboration with Crédit Agricole Corporate and
Investment Bank as sole sustainable bond structurer. The net
proceeds of this issue will be used to finance and/or re-finance in
whole or in part, new and/or existing Eligible Sustainable
Investments as set out in Tikehau Capital’s sustainable bond
framework available on the Group’s website
(https://www.tikehaucapital.com).
Application has been made to Euronext Paris for the bonds to be
admitted to trading on Euronext Paris.
Once the Autorité des marchés financiers has approved the
prospectus, the final version of the prospectus, which includes
risk factors in relation to Tikehau Capital which are more up to
date than those in the 2019 Universal Registration Document of
Tikehau Capital will be published on the Issuer's website. The
settlement is scheduled for 31 March 2021.
Characteristics of the bond issue:
Total amount issued
€500m
Maturity
31 March 2029
Annual interest rate
1.625%
Listing
Euronext Paris
The bond placement has been arranged by Crédit Agricole
Corporate and Investment Bank, Goldman Sachs Bank Europe SE and
Société Générale as Global Coordinators and Joint Lead Managers, as
well as by BNP Paribas, Intesa Sanpaolo S.p.A., RBC Capital Markets
(Europe) GmbH and UniCredit Bank AG as Joint Lead Managers.
ABOUT TIKEHAU
CAPITAL
Tikehau Capital is a global alternative asset management group
with €28.5 billion of assets under management (at 31 December
2020).
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. Leveraging its strong equity base (€2.8 billion of
shareholders’ equity at 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 594 employees (at 31 December 2020)
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 press release is for information purposes only and is not
an offer to sell or subscribe securities or a solicitation of an
order to purchase or subscribe securities in any jurisdiction. The
securities mentioned in this press release were not and will not be
offered through a public offering and no related documents will be
distributed to the public in any jurisdiction.
This press release does not constitute an offer for sale of
securities in the United States of America or any other
jurisdiction. These securities may not be offered or sold in the
United States of America unless they are registered or exempt from
registration under the US Securities Act of 1933 (the “US
Securities Act”), as amended. Tikehau Capital does not intend to
register any of the securities mentioned in this announcement in
the United States or to conduct a public offering of securities in
the United States.
This press release is not a prospectus as required under
Regulation (UE) 2017/1129 (the “EU Prospectus
Regulation”).
No action has been undertaken or will be undertaken to make
available any Bonds to any retail investor in the European Economic
Area. For the purposes of this provision:
a) The expression “retail investor” means a person who is one
(or more) of the following:
(i) a retail client as defined in point (11)
of Article 4(1) of Directive 2014/65/EU (as amended, “EU MiFID
II”); or
(ii) a customer within the meaning of
Directive 2016/97/EU, as amended, where that customer would not
qualify as a professional client as defined in point (10) of
Article 4(1) of EU MiFID II.
b) The expression “offer” includes the communication in any form
and by any means of sufficient information on the terms of the
offer and the Bonds to be offered so as to enable an investor to
decide to purchase or subscribe the Bonds.
Consequently, no key information document required by Regulation
(EU) No 1286/2014 (as amended, the “EU PRIIPs Regulation”)
for offering or selling the Bonds or otherwise making them
available to retail investors in the EEA has been prepared and
therefore offering or selling the Bonds or otherwise making them
available to any retail investor in the EEA may be unlawful under
the EU PRIIPS Regulation.
This press release does not constitute an offer of securities in
France or in any other country. The bonds have been and will only
be offered and distributed to qualified investors, as defined in
article 2(e) of the EU Prospectus Regulation, and in accordance
with, Article L.411-2 of the French Monetary and Financial Code, as
amended.
[No action has been undertaken or will be undertaken to make
available any Bonds to any retail investor in the United Kingdom.
For the purposes of this provision:
a) The expression “retail investor” means a person who is one
(or more) of the following:
(i) a retail client, as defined in point (8)
of Article 2 of Regulation (EU) No 2017/565 as it forms part of UK
domestic law by virtue of the European Union (Withdrawal) Act 2018
("EUWA"); or
(ii) a customer within the meaning of the
provisions of the Financial Services and Markets Act 2000 (the
"FSMA") and any rules or regulations made under the FSMA to
implement Directive (EU) 2016/97, where that customer would not
qualify as a professional client, as defined in point (8) of
Article 2(1) of Regulation (EU) No 600/2014 as it forms part of UK
domestic law by virtue of the EUWA.
b) The expression “offer” includes the communication in any form
and by any means of sufficient information on the terms of the
offer and the Bonds to be offered so as to enable an investor to
decide to purchase or subscribe the Bonds.
This press release may be sent to persons located in the United
Kingdom only under circumstances where section 21(1) of the
Financial Services and Markets Act 2000 does not apply.
The subscription or purchase of securities of Tikehau Capital
may be subject to specific legal or regulatory restrictions in
certain countries. Tikehau Capital assumes no responsibility for
any violation by any person of these restrictions. The distribution
of this press release in certain jurisdictions may be restricted by
law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210324006013/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)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Tikehau Capital (EU:TKO)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024