STAR AMERICA FINALIZES ACQUISITION BY TIKEHAU CAPITAL
July 30, 2020
(New York, NY) – On July 29, 2020, Star America finalized an agreement to be acquired by Tikehau Capital, the alternative asset management and investment group. Founded in 2004 by two entrepreneurs, Tikehau Capital has gone through an impressive growth over the years to become a global platform with 530 employees in 11 countries and 25.7bn euros of assets under management as of 30th of June 2020.
Star America will add infrastructure and real assets as a new core competency to Tikehau Capital’s already stellar and global platform. This acquisition will strengthen Star America’s ability to deploy capital in the much-needed US infrastructure market and to continue executing on its mission to become the preferred partner in rebuilding America’s infrastructure. Star America will continue to operate as a separate business within the Tikehau Group and no changes will be made to Star America’s personnel.
Bill Marino, co-founder and Chief Executive Officer, and Christophe Petit, co-founder, and President of Star America, said “Star America is delighted to now be part of the Tikehau Group. Just like Tikehau Capital, we started as two entrepreneurs and this acquisition is a major milestone for us as we continue our expansion into the US market and our vision to help rebuild America’s infrastructure.”
Mathieu Chabran, co-founder of Tikehau Capital, added: “We are thrilled to be joining forces with Star America, a major player in its field with the same entrepreneurial DNA as Tikehau Capital. This acquisition enables us to diversify our expertise towards a new promising asset class and represents a major step forward for Tikehau Capital, boosting its strategy to expand in North America.”
About Tikehau Capital
Tikehau Capital is an asset management and investment group with €25.7 billion of assets under management (as at 30 June 2020) and shareholder equity of $3.4 billion (€3.1 billion) (as at 31 December 2019). The Group invests in various asset classes (private debt, real estate, private equity and capital markets strategies) including through its asset management subsidiaries on behalf of institutional and private investors. Controlled by its managers alongside leading institutional partners, Tikehau Capital employs more than 530 staff (at 31 December 2019) in its Paris, London, Amsterdam, Brussels, Luxembourg, Madrid, Milan, New York, Seoul, Singapore and Tokyo offices.
Tikehau Capital is listed on the regulated market of Euronext Paris. Compartment A (ISIN code: FR0013230612; Ticker: TKO.FP)
Press contacts:
Star America Infrastructure Partners, LLC:
Christophe Petit – + 1 516 882 4100
cpetit@starinfrapartners.com
Tikehau Capital:
Valérie Sueur – +33 1 40 06 39 30
USA – Prosek Partners: Trevor Gibbons – +1 646 818 9238
press@tikehaucapital.com
Disclaimer
This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed.
Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of Tikehau Capital and/or its affiliates or Star America and/or its affiliates, as applicable. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to Tikehau Capital’s advisory activities in the US or with respect to US persons relates to Tikehau Capital North America.
FOR INQUIRIES:
Christophe Petit, President
Star America Infrastructure Partners, LLC
Tel: +1 516 882 4100
cpetit@starinfrapartners.com
ABOUT STAR AMERICA
Star America, a subsidiary of Tikehau Capital, a European listed asset management and investment group with€27.2 billion of assets under management (as at 30 September 2020) and shareholder equity of €2.8 billion (as at 30 June 2020), is a U.S. headquartered developer and manager of infrastructure assets in NorthAmerica. With an investor base that includes large institutional investors such as insurance companies and pension funds, among others, Star America focuses on delivering infrastructure projects primarily across the transportation, social, environmental and telecommunications sectors. As of September 30,2020, Star America has over $700+ million Assets Under Management and our track record includes investments in 15 infrastructure assets, which have a total project cost valued at greater than $5 billion. Star America’s mission is to become the preferred partner in rebuilding America’s infrastructure.
