Investment Banking
Milbank
Full Credential Description
Milbank LLP is representing Clearlake Capital Group, L.P. in its acquisition of MV Credit, a European private credit specialist, from Natixis Investment Managers. This strategic acquisition aims to enhance Clearlakes capabilities in private credit, collateralized loan obligations (CLO), and direct lending. The deal is expected to close in the fourth quarter of 2024, pending customary closing . The acquisition will significantly expand Clearlakes credit business, which, including its affiliates like WhiteStar Asset Management, will manage over $28 billion in assets. Clearlakes total assets under management will exceed $90 billion post-acquisition. MV Credit, established in 2000, has a strong track record, having invested over $11 billion and completed more than 500 bespoke direct lending deals. This firm is recognized for having one of the longest-established management teams in the European private credit sector, positioning Clearlake to leverage MV Credits expertise and market presence effectively. The Milbank team, led by Sean M. Solis, along with Martin Brennan and Connor Clune, provided specialized legal guidance on the private credit and CLO aspects of the transaction, ensuring a tailored approach to meet the unique needs of Clearlake in this acquisition.