Duke Street agreed to partner with Tikehau Group, a private investment company based in Paris, France. The partnership entailed a 35% shares takeover by Tikehau of Duke Street. It also provisioned committed support for capital funding as part of the company's deal-by-deal model initiative. Duke Street, a leading Euro zone middle market buyout firm, gained the capability to countersign all incoming deals within its target range.
Duke Street has been operating for over 20 years in the European market with a total of almost Eur3 billion invested. The company's operating model zeroed in on transactions with substantial build-up potential.
Tikehau is a milt-asset class alternative company. The firm formed the Tikehau Investment Management and bought minority equity investor Salvepar.
Duke Street was advised by Canaccord Genuity.
Peter Taylor, Duke Street's managing partner, said "We are well funded to pursue a number of interesting opportunities in sectors where we have a proven track record and are excited about working with Tikehau to develop a new investor friendly model for private equity."
Co-founder of Tikehau Mathieu Chabran commented on the agreement, "This development also marks a major step as we begin our international expansion.
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