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Announced

SoundPoint Capital Management to acquire the US direct lending arm of CVC Capital Partners for $1.5bn.

Financials

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Transaction Value£1,059m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Majority

Domestic

Private Equity

Friendly

United States

Private

Direct Lending

Pending

Single Bidder

Debt Funds

Acquisition

Synopsis

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SoundPoint Capital Management, an alternative asset manager, agreed to acquire the US direct lending arm of CVC Capital Partners for $1.5bn. The deal would boost SoundPoint's asset under management to $26bn. A couple of years before striking the deal, SoundPoint was interested in expanding the direct lending segment.

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