Report
Geoffroy Michalet

Tikehau Capital : AM results in line, balance sheet hurt by macro-hedge, as expected

>Strong results in third-party asset management - The asset management company's results were up 39.5% to € 28.6m, close to our estimate at € 28m. The margin stood at 32.4%, up 5.4%. This good performance was delivered on the back of cautious human resources management with a hiring freeze over the period, despite the inflow of new money.Fee-generating assets under management came in at € 20.3bn, up 17% year-on-year (+2% in H1), and asset management revenues stoo...
Underlying
Tikehau Capital SCA

Tikehau Capital SCA Formerly known as Tikehau Capital SCS. Tikehau Capital SCA is a France-based asset management and investment company. The Company invests in various asset classes, including Private Debt, which comprises debt financing transactions, such as senior debt, unitranche and mezzanine, as well as collateralized loan obligations; Real Estate, which focuses on commercial property and seeks sale and lease-back transactions in which the Company's vehicles act as purchaser; Private Equity, which encompasses investments in the equity capital of listed and non-listed companies, and Liquid Strategies, which encompasses investments in bonds, investment grade securities and the management of open-ended funds. The Company operates either through direct equity investments or through its asset management subsidiary, Tikehau IM, on behalf of institutional and private investors. The Company has offices in Paris, London, Brussels, New York and Singapore, among others.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Geoffroy Michalet

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