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27-10-2021, 05:54 PM
Tikehau Capital submits application to SGX for SPAC IPO
Khairani Afifi Noordin
Published on Wed, Oct 27, 2021 / 10:11 AM GMT+8
Global alternative asset manager Tikehau Capital has submitted an initial public offering (IPO) application earlier this week to list a special purpose acquisition company (SPAC) on the Singapore Exchange (SGX).
It is likely to be the first of such applications in Singapore. Its prospectus is yet to be available — an official announcement will be held in the coming weeks, The Edge Singapore has learnt.
The race to set up a SPAC in the city-state includes names such as Temasek-backed Vertex Ventures, buyout firm Novo Tellus Capital Partners and private equity firm Turmeric Capital.
In April, Tikehau announced that its first SPAC, Pegasus Europe, had successfully raised 500 million euros in a private placement. The vehicle was launched in February alongside co-sponsors Financière Agache, Jean Pierre Mustier and Diego De Giorgi.
As at end-June, Tikehau has 30.9 billion euros of assets under management. Its key areas of expertise include private debt, real assets, private equity and capital markets strategies, as well as multi-asset and special opportunities strategies. Tikehau and City Developments are joint owners of IREIT Global's manager. It also holds a 29% stake in IREIT Global, with CDL holding around 21% of the REIT. Temasek became a shareholder of Tikehau in 2016 and Tikehau Capital is listed on Euronext. If listed on SGX, Tikehau will be the second real estate investment manager or REIM on the exchange after CapitaLand Investment.
More details in https://www.theedgesingapore.com/news/sp...x-spac-ipo
Tikehau Capital website : https://www.tikehaucapital.com/
Khairani Afifi Noordin
Published on Wed, Oct 27, 2021 / 10:11 AM GMT+8
Global alternative asset manager Tikehau Capital has submitted an initial public offering (IPO) application earlier this week to list a special purpose acquisition company (SPAC) on the Singapore Exchange (SGX).
It is likely to be the first of such applications in Singapore. Its prospectus is yet to be available — an official announcement will be held in the coming weeks, The Edge Singapore has learnt.
The race to set up a SPAC in the city-state includes names such as Temasek-backed Vertex Ventures, buyout firm Novo Tellus Capital Partners and private equity firm Turmeric Capital.
In April, Tikehau announced that its first SPAC, Pegasus Europe, had successfully raised 500 million euros in a private placement. The vehicle was launched in February alongside co-sponsors Financière Agache, Jean Pierre Mustier and Diego De Giorgi.
As at end-June, Tikehau has 30.9 billion euros of assets under management. Its key areas of expertise include private debt, real assets, private equity and capital markets strategies, as well as multi-asset and special opportunities strategies. Tikehau and City Developments are joint owners of IREIT Global's manager. It also holds a 29% stake in IREIT Global, with CDL holding around 21% of the REIT. Temasek became a shareholder of Tikehau in 2016 and Tikehau Capital is listed on Euronext. If listed on SGX, Tikehau will be the second real estate investment manager or REIM on the exchange after CapitaLand Investment.
More details in https://www.theedgesingapore.com/news/sp...x-spac-ipo
Tikehau Capital website : https://www.tikehaucapital.com/
Specuvestor: Asset - Business - Structure.