UniCredit and Tikehau Capital Advisors are pleased to announce that they are discussing a strategic partnership, with the aim to combine the unique expertise developed by Tikehau Capital Advisors, in terms of origination and management of credit assets, and the Pan-European reach of UniCredit.
In this respect, such strategic partnership would include also the acquisition of a minority stake into Tikehau Capital Advisors, with subsequent UniCredit's representation in the board company.
Milan/Paris, March 1st, 2011
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UniCredit is a major international financial institution with strong roots in 22 European countries and an overall international network present in approximately 50 markets, with 9,600 branches, and more than 161,000 employees as of 30 September 2010.
In the CEE region, UniCredit operates the largest international banking network with nearly 3,900 branches.
The Group operates in the following countries: Austria Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Estonia, Germany, Hungary, Italy, Latvia, Lithuania, Kazakhstan, Kyrgyzstan, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine.
Tikehau was set up by a team of entrepreneurs in 2004, as an evergreen opportunistic investment vehicle.
The Group is active on a large base of asset class (credit, real estate, private equity...) through various investment platforms and direct investments. It operates a credit-oriented alternative asset manager (Tikehau Investment Management) with specialized and extensive experience in credit investing, with a particular bias for stressed, high yield situations and bank loans.
As of December 2010 Tikehau has € 575m in assets under management