Pan-European asset manager and investment firm Tikehau Capital is in talks to acquire Sofidy.
The acquisition will increase Tikehau Capital’s assets under management by more than 30 percent, enabling it to achieve its target of €20 billion ($24 billion) in assets under management by the end of 2018, way ahead of its initial target of 2020.
The sales price was not disclosed; however its estimated to be more than €200 million ($235 million)
The acquisition project is aligned with Tikehau Capital’s strategy to broaden its fund offering in order to balance its business mix. It enables the firm to reach out to new investor categories and extend its know-how in the field of real estate investment solutions thanks to the strong complementarities between the two companies.
Established in 1987 by Christian Flamarion, Sofidy is involved in the creation and development of investment and savings products particularly focused on retail and office real estate. An independent player in the SCPI (real estate investment trust) market with €4.8 billion ($5.7 billion) under management, Sofidy manages a portfolio of more than 4,100 real estate assets on behalf of more than 45,000 individual investors and a large number of institutional investors.
