Carlyle in talks to acquire credit investment firm CBAM -sources

  • 📰 Reuters
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 97%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Buyout firm Carlyle Group Inc is in talks to acquire CBAM Partners in a bid to grow its credit investment platform and take on peers such as Apollo Global Management Inc and Blackstone Inc , according to people familiar with the matter.

Carlyle has prevailed in an auction to acquire New York-based CBAM, which manages $15 billion in credit assets, such as collateralized loan obligations and structured credit products, according to the sources, who requested anonymity because the matter is confidential.

Bloomberg News reported earlier that Carlyle was in advanced talks to acquire CBAM for between $750 million to $850 million. Carlyle and CBAM spokespeople declined to comment.With its roots in leveraged buyouts, Carlyle has been trying to expand its credit platform in recent years. It hired veteran credit executive Mark Jenkins from the Canada Pension Plan Investment Board in 2016 to spearhead its expansion into the private credit market.

The Washington, D.C.-based firm grew its credit assets to $73 billion as of the end of December, up from $34 billion when Jenkins joined, through a mixture of fundraising and acquisitions of other firms. It bought the aircraft financing firm Apollo Aviation Group in 2018 and announced a $3 billion deal to acquire the rental property leasing business of iStar IncCBAM Partners was founded in 2016 by Don Young, Mike Damaso and Jay Garrett.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

👀👀👀

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 2. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

PE firm Advent eyeing $1 bln investment in India's Yes Bank - Economic TimesPrivate equity group Advent International is evaluating a 75 billion rupee ($1.00 billion) investment in India's Yes Bank to further capitalise it, the Economic Times daily reported on Friday, sending shares of the private-sector lender by up to 3%.
출처: Reuters - 🏆 2. / 97 더 많은 것을 읽으십시오 »

Crypto investment firm raises $50 million for fund that will buy individual NFTsArca's new fund will focus on snapping up non-fungible tokens. $NEXO AlphaKongsClub PlayboyNFTS ClaireSilver12 Tell them to DM me please ArcaChemist y'all MMing Azuki hehe
출처: TheBlock__ - 🏆 464. / 53 더 많은 것을 읽으십시오 »

Bored Ape NFT Creators Reportedly Seeking Investment Deal With a16zThe creators of the Bored Ape Yacht Club are rumored to be seeking investment from firms like Andreessen Horowitz.
출처: Crypto_Potato - 🏆 568. / 51 더 많은 것을 읽으십시오 »

Philippines’ Ayala Corp. Continues Regional Expansion With $165 Million Investment In Vietnam Solar FirmThe acquisition of Solar NT—which will own and operate nine solar power plants across Vietnam with a total capacity of approximately 837 megawatts—marks the beginning of a strategic partnership between ACEN and Super Energy
출처: Forbes - 🏆 394. / 53 더 많은 것을 읽으십시오 »