Tikehau acquires Ace Management

The French GP has bought 100% of Ace, an asset manager specialised in aserospace, defence and cybersecurity. The acquisition and merger brings a new range of specialist funds under the Tikehau umbrella. 

Ace was given an enterprise value of €6.5m for the acquisition. Up to 30% will be paid in the form of newly issued Tikehau shares in connection with a contribution in kind, with the balance to be paid in cash. The contribution in kind will lead to the issuance of up to 104,231 new Tikehau shares.

Ace's investors are primarily major international groups, operating across the aerospace and defence industries. The company manages three main categories of funds on behalf of its clients: Aerofund (aerospace), Brienne (defence and security) and Atalaya (maritime). There are currently seven funds representing an AUM of close to €440m.

Further to the acquisition of 100% of Ace capital, Tikehau will participate in the launch of a new generation of funds managed by Ace, including cybersecurity-focused fund Brienne III, maritime specialist fund Atalaya II and Elara, a fund investing in cutting-edge production units.

Tikehau has hired Marwan Lahoud as chairman of Ace's supervisory board.

The deal is expected to close before the end of 2018 and is subject to approval from the French Autorité des marchés financiers (as a result of the change of ownership of the management company) and the relevant competition authorities.

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• Topics
• France
• GPs
• France
• Tikehau Capital
• ACE Management