Belgian beer billionaires to invest 400m euros in France’s Tikehau

An investment firm linked to the two founding families behind Anheuser Busch InBev (ABI.BR) will invest €400m in France’s Tikehau, the private equity company said on Thursday.

Tikehau, which also announced a stable net profit of 320 million euros for 2022, said the cash will be injected by SFI, a unit of investment firm Partinvest. Partinvest is owned by the Van Damme and Van der Straten families, who have ties to Anheuser Busch InBev.

“SFI intends to play a committed and active role as a shareholder alongside the founders and management of the group, and to bring its expertise in developing businesses on a global scale”, Tikehau said in a statement.

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Alexandre Van Damme, who is also a board member at Anheuser, will obtain a seat on the supervisory board of Tikehau Capital Advisors, the main shareholder of stock market-listed asset manager Tikehau.

Tikehau said it would increase its 2022 dividend pay-out by 17% to 0.70 euro, adding that was “in line with the group’s guidance to distribute to shareholders more than 80% of the EBIT of the asset management business.”

Tikehau shares were down 0.75% at 26.45 euros shortly after the Paris market open, where the blue-chip CAC 40 (.FCHI) is up 0.87%.

Source: Reuters

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