Morgan Stanley Investment Management’s Investment in Tikehau Capital Advisors

Proskauer advised an investment vehicle of North Haven Tactical Value, managed by a team within Morgan Stanley Investment Management.

Morgan Stanley’s fund North Haven Tactical Value (TacVal) invested in Tikehau Capital Advisors (TCA), the largest shareholder in the French listed asset manager, Tikehau Capital SCA.

TCA raised at least 300 million euros ($335 million) in new equity, of which 195 million euros from new shareholders including Morgan Stanley fund.

North Haven Tactical Value will become a new TCA shareholder (5%) as part of an overall TCA share capital raise, which includes reinvestment by the existing founders and managers, who will remain controlling shareholders in the firm with more than 60% of its share capital, as well as existing institutional shareholders including Temasek, MACSF and FFP.

The proceeds of this share capital increase will be used for corporate general purposes and to support Tikehau Capital SCA’s plans for expansion and growth.

Tikehau Capital SCA is an international asset manager with €22 billion under management across various asset classes (private debt, real estate, private equity and liquid strategies).

The Morgan Stanley Tactical Value Investing team, a team within Morgan Stanley Investment Management, is focused on providing nimble, opportunistic capital with the flexibility to invest across asset classes, sectors and geographies in changing market environments.

The Proskauer team was led by M&A partner Andrew Wingfield (Picture) working alongside Paris corporate partner Delia Spitzer; London corporate associates Adam Creed, Daniel Hendon and Jack Morant; Paris special international corporate counsel Stéphanie Martinier; and Paris associate Doriane Shannon.

Involved fees earner: Adam Creed – Proskauer Rose LLP; Daniel Hendon – Proskauer Rose LLP; Stéphanie Martinier – Proskauer Rose LLP; Jack Morant – Proskauer Rose LLP; Doriane Shannon – Proskauer Rose LLP; Délia Spitzer – Proskauer Rose LLP; Andrew Wingfield – Proskauer Rose LLP;

Law Firms: Proskauer Rose LLP;

Clients: Morgan Stanley Investment Management ;