US-headquartered Clearlake Capital has agreed to acquire MV Credit from Natixis Investment Managers, in a move intended to enhance Clearlake’s global direct lending and private credit capability.
The acquisition is expected to close in the fourth quarter of 2024, according to a Sept. 3 press release, and will increase the AUM of Clearlake’s credit business to $28 billion, and its firm-wide AUM to over $90 billion.
Headquartered in London, MV Credit specializes in senior direct lending, subordinated direct lending, hybrid and CLO strategies, with $5.1 billion of AUM. MV Credit opened its French office in 2022, integrating the former private debt team of Ostrum Asset Management as well as running the CLO platform that was formerly managed within Ostrum AM.
Post acquisition, Clearlake will have more than 230 professionals with offices in Santa Monica, Dallas, Dublin, London, Singapore, Abu Dhabi, Paris and Luxembourg.
Kirkland & Ellis and Milbank are legal advisers to Clearlake, while Fenchurch Advisory is financial adviser and Dentons is legal adviser to Natixis IM.
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