May 21, 2019 (London) – International law firm Proskauer announced today that it has advised an investment vehicle of North Haven Tactical Value, managed by a team within Morgan Stanley Investment Management, (TacVal) on its equity investment in Tikehau Capital Advisors (TCA). TCA is the largest shareholder in the French listed asset manager, Tikehau Capital SCA.
North Haven Tactical Value will become a new TCA shareholder as part of an overall TCA share capital raise, which includes reinvestment by the existing founders and management as well as existing institutional shareholders including Temasek, MACSF and FFP.
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.
Proskauer boasts a premier Private Equity M&A team handling some of the highest profile transactions in the market. Recent transactions include advising: Deliveroo on its Series G funding; Aleph / Crestview on their investment in regulated insurance group Darag; Corsair Capital on its acquisition of Zedra; Lion Capital on its purchase of DMC Group from BlueGem Capital; and Accor on its acquisition of Tribe, Australian's first integrated modular hotel brand.
The Proskauer team was led by M&A partner Andrew Wingfield 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.