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 anticipated 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 post-transaction. Clearlakes total assets under management will exceed $90 billion. MV Credit, established in 2000, has a robust track record, having invested over $11 billion and completed more than 500 bespoke direct lending deals. Notably, MV Credit is recognized as one of the pioneering private credit firms in Europe, boasting the longest-established management team in the sector. The Milbank team, led by Sean M. Solis, a partner and practice group leader in Alternative Investments, along with special counsel Martin Brennan and associate Connor Clune, provided tailored legal guidance on the private credit and CLO aspects of the acquisition. The team also included tax partners and special counsels from both New York and London, ensuring comprehensive support throughout the transaction.