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Clearlake Capital launches 'Clearlake Credit' as it completes strategic acquisition of MV Credit
MV Credit and WhiteStar will be integrated into Clearlake Credit, which now represents over $57 Billion in liquid and illiquid credit investments deployed globally to date.
"While credit has always been core to our strategy, we're proud to officially launch Clearlake Credit as we continue to strategically build our credit offerings to meet the market's demand for flexible capital solutions," said . "We plan to continue scaling our credit platform and expand the breadth and depth of our credit capabilities to provide comprehensive capital structure solutions to borrowers around the world."
"The official launch of Clearlake Credit will grow our standing in the global credit market, and the acquisition of MV Credit adds to our capabilities in Europe ," commented . "Our team has invested across multiple credit cycles, and we believe now is an attractive opportunity to further scale our private credit platform."
Clearlake Credit underwrites investments of up to $1 billion across the following capital solutions:
– Senior, junior, and other structured and hybrid debt and/or equity capital solutions to sponsor-backed companies globally, leveraging relationships with founders, management teams, and sponsors globally.
– Investments in senior secured loans and other credit instruments across syndicated and other secondary markets globally, including U.S. and European CLO investment capabilities across investment grade, mezzanine, and equity tranches, using our knowledge of the broadly syndicated loan markets globally and a bottoms-up, fundamental credit underwriting approach.
With $90 billion in AUM firmwide,
Clearlake and its affiliates have a global team of over 230 professionals in offices in
Santa Monica , Dallas ,
London , Dublin ,
Luxembourg , Abu Dhabi , and
Singapore .
Financial terms of the MV transaction are not being disclosed.
To learn more about how Clearlake Credit partners with stakeholders to support a range of corporate needs, including acquisitions, refinancings, growth capital, and dividends, please visit: https://clearlake.com/credit/
Clearlake is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake's operational improvement approach, The firm's core private equity target sectors are technology, industrials, and consumer. Clearlake currently has over $90 billion of assets under management, its senior investment principals have led or co-led over 400 investments, and has deployed over $57 billion in liquid and illiquid credit investments globally. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK, Dublin, Ireland , Luxembourg, Abu Dhabi, UAE and Singapore .
Andrew Wilde , Edelman Smithfield : +44 7786 022 022 / andrew.wilde@edelmansmithfield.com
Joe Carton , Edelman Smithfield : +44 7707 693 449 / joe.carton@edelmansmithfield.com
Jennifer Hurson , Lambert, +1-845-507-0571 / jhurson@lambert.com
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