Deutsche Bank AG’s DWS asset management unit is gaining a second large investor in its initial public offering as it seeks to attract shareholders that will help boost the business outside Germany.
French asset manager Tikehau Capital will spend 250 million euros ($309 million) on a stake when DWS is listed within the expected price range of 30 to 36 euros per share, according to a statement on Wednesday. That follows a similar agreement between DWS and Nippon Life Insurance, unveiled Sunday, which will give the Japanese insurer a 5 percent stake in the asset manager.