Clearlake Capital to Acquire European Private Credit Firm MV Credit in Strategic Expansion
Clearlake Capital announces the acquisition of MV Credit from Natixis Investment Managers, boosting its private credit assets to $28 billion. The deal is set to close in Q4 2024.
Bollywood Fever: California-based investment firm Clearlake Capital has announced its plans to acquire pan-European private credit specialist MV Credit from Natixis Investment Managers, marking a strategic move into the growing private credit sector as traditional banks scale back their lending activities.
Clearlake revealed that the acquisition is expected to be finalized in the fourth quarter of 2024, though the financial terms of the deal remain undisclosed.
This acquisition will add $5.1 billion in assets from MV Credit to Clearlake’s portfolio, increasing its total assets under management to $90 billion, with $28 billion allocated specifically to credit.
The London-based MV Credit specializes in private credit investments, and its integration into Clearlake’s operations is seen as a significant step in expanding Clearlake’s private credit business across Europe.
This move aligns with Clearlake’s broader strategy of capitalizing on opportunities in the private lending market, particularly as banks continue to pull back from certain lending activities.
Clearlake, which also co-owns Chelsea Football Club, is leveraging this acquisition to strengthen its position in the global credit market.
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