On 4th January 2012 CVC Capital Partners SICAV-FIS S.A ("CVC"), a leading private asset management and investment advisory firm, and Resource America Inc., a specialized asset management company, signed an agreement to combine CVC Cordatus Group and Apidos Capital Management and form CVC Credit Partners. The transaction has now completed.
Led by a team comprising Marc Boughton (CEO), Stephen Hickey (Chief Risk Officer) and Chairman Jonathan Cohen, the business comprises $7.7bn of credit assets across 23 vehicles in the US and Europe. Gretchen Bergstresser and Jonathan Bowers will be Senior Portfolio Managers alongside Group COO, Chris Allen.
Marc Boughton commented: "both teams appreciate the significant benefits of being able to offer sponsors and companies access to a broader range of debt capital to support their businesses and initiatives".
Jonathan Cohen comments: "we are delighted to be partnering with CVC whose local knowledge and extensive contacts underpin a 30-year proven track record of investment success. The group will offer Investors access to a broader range of investment opportunities within the US and European credit markets using our combined investment expertise, strong origination capabilities and robust credit processes."
Partners Group and CVC agree partnership to drive next phase of growth at International Schools Partnership, a leading global K-12 school platform
CVC DIF to divest Portuguese highway concessions Norte Litoral and Algarve to Igneo Infrastructure Partners
CVC DIF to acquire CARMA Corp., a leading Canadian submetering and essential building services platform
KKR agrees to acquire NewDay's consumer credit portfolio from Cinven and CVC
Ahlsell welcomes new investors and extends its partnership with CVC in preparation for further growth
CVC DIF to acquire a large scale hybrid solar PV and battery storage project in Chile