Clearlake Capital Group, an investment firm with a strong foothold in private equity, credit, and related strategies, has announced its plans to acquire MV Credit from Natixis Investment Managers by Q4 2024. The acquisition will boost Clearlake’s assets under management (AUM) to over $90 billion, with its credit AUM swelling to more than $28 billion. MV Credit, a London-based private credit specialist with $5.1 billion AUM, has been a major player in the European market, having deployed more than $11 billion in over 500 bespoke transactions since its inception. The acquisition is seen as a strategic move for both organizations, with Clearlake benefiting from MV Credit’s well-established direct lending and CLO strategies, and MV Credit gaining from Clearlake’s global reach and robust financial backing. Legal advisory support has been provided by Kirkland & Ellis LLP, Milbank LLP, Fenchurch Advisory, and Dentons amongst others.
Private Equity, Private Credit, Financial Services,United States, United Kingdom, France