CVC strikes $1.2bn deal for US private credit group Marathon

Title: CVC Expands Credit Footprint with $1.2 Billion Acquisition of Marathon

CVC Capital Partners recently announced a significant acquisition of the US private credit firm, Marathon Asset Management, for $1.2 billion. This move is expected to enhance CVC’s presence in the growing US private credit market.

Key Players Involved

The acquisition involves CVC, a global investment firm, and Marathon Asset Management, known for its expertise in private credit solutions. This partnership aims to leverage Marathon’s established client base and investment strategies to broaden CVC's offerings in the credit sector.

Expansion into the US Market

CVC is particularly focused on the US market, which is witnessing rapid growth in private credit due to increasing demand from businesses seeking alternative funding sources. This is in light of traditional bank lending becoming more restrained in certain sectors.

Impact on Stakeholders

The deal is anticipated to benefit various stakeholders, including clients who will gain access to a broader range of credit products and investment opportunities. Additionally, it positions CVC to compete more effectively in a fast-evolving market landscape where private credit plays a crucial role in corporate finance.

Conclusion

As CVC integrates Marathon into its operations, both organizations are looking to capitalize on the upward trends in private credit. This acquisition reflects broader trends in the investment space where firms seek to diversify and enhance their portfolios amid changing economic conditions.

Original Source: https://www.ft.com/content/d0902d94-f8af-4fe6-83d0-84a123f2595a