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Laxman Pai, Opalesque Asia: California-based private credit firm Clearlake Capital has agreed to buy Natixis Investment Managers' pan-European private credit arm MV Credit Partners.
Clearlake said in a press release that the acquisition is expected to close in the fourth quarter of 2024. Financial details of the transaction were not disclosed.
MV Credit is an independently managed private credit boutique with $5.1bn in assets under management. It was founded in 2000 and is headquartered in London. The European private credit specialist provides tailored fund solutions to investors across senior direct lending, subordinated direct lending, hybrid, and collateralized loan obligation (CLO) strategies.
According to the press release, MV Credit has deployed more than $11 billion since its inception, leading over 500 bespoke transactions of up to $500 million with sponsors such as EQT, Nordic Capital, Cinven, and Bain Capital. MV Credit is differentiated by its experienced senior management team, whose members each have more than two decades of investment experience across multiple credit cycles.
Clearlake, which co-owns Chelsea football club, said the acquisition would add $5.1 billion of assets from London-based MV Credit, taking its total to $90 billion, of which $28 billion will be in credit.
"Credit has been in Clearlake's DNA since our inception and is core to our strategy. MV Credit's exceptional track record and deep expertise in privat...................... To view our full article Click here
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