French asset management company Tikehau Capital will take part to the initial public offering of Deutsche Bank’s asset management arm DWS with a €250m order, the firm stated.
Deutsche Bank announced that shares of DWS at the time of the IPO will be priced within the €30-€36 range, valuing the business at €6bn-€7.2bn.
Some 40 million shares will be offered, representing 20% of DWS existing share capital.
Tikehau Capital said it has initiated discussions with DWS on potential areas of cooperation, including alternative asset management distribution.
Antoine Flamarion, co-founder of Tikehau Capital commented: “Tikehau Capital welcomes the prospect of being an anchor investor in DWS. We have identified meaningful areas of mutual cooperation and complementarities and we look forward to working together on the implementation of our respective growth strategies.”
Nicolas Moreau, member of the management board of Deutsche Bank and chief executive officer of DWS, said: “Tikehau Capital is a respected alternative asset management and investment specialist. We look forward to exploring potential areas of cooperation and are pleased by their interest in our company.”