Amundi and Tikehau have agreed a strategic asset management partnership, whereby the two companies will focus their cooperation on private debt management.
The aim is to offer institutional and retail clients high value-added products for their investment return needs in a low interest rate environment.
Amundi will provide its clients with access to Tikehau IM’s product range.
The agreement will enable Tikehau to accelerate the development of its asset management platform, Tikehau IM, targeting all client segments from retail clients to institutional investors and sovereign funds.
Together, the two companies will also be able to launch new products marketed under the Amundi / Tikehau dual brand.
Finally, both companies will jointly explore future avenues of cooperation in all their areas of expertise.
Under this partnership, and subject to the supervisory authorities’ approval, Amundi will acquire a 12.8 per cent stake in the management company Tikehau IM, in line with long standing partner Arkéa, and become a shareholder of Tikehau Capital Advisors, the head structure of the Tikehau group, with 7.3 per cent of the capital, alongside its partners and Unicredit.
Yves Perrier, chief executive officer, Amundi, says: “This partnership is perfectly in line with Amundi's product policy, offering its clients a broad range of high-quality expertise tailored to the needs of each client segment. In addition to its in-house asset management, Amundi will be able to offer products from external partnerships. Since its creation, Tikehau has proven the excellence of its expertise and its innovation capacity, especially in private debt. Thanks to this agreement, Amundi, the European leader in Fixed Income with more than EUR400bn assets under management, reinforces its private debt funds offering, which already represents EUR4bn. This operation also confirms Amundi's commitment to develop Paris’ asset management industry together with its most innovative entrepreneurial players.”
Antoine Flamarion, president and founder of the Tikehau group, says: “This agreement marks a major milestone in the development of Tikehau. We are very pleased to welcome Amundi as a new strategic partner alongside our long-standing partners. As a leading player in asset management, Amundi has a reputation for excellence among investors. Together, we will be able to offer many clients bespoke, innovative and high value-added products, especially in the private debt area where Tikehau has established a renowned expertise in recent years in Europe."