CVC Credit

CVC Credit, the $45 billion global credit management business of CVC, has successfully priced Apidos L (50), its tenth new Collateralized Loan Obligation ("CLO") of 2024, at $500m (c.€460m). Cary Ho, Partner and Global Head of CLO Origination at CVC Credit, said: “Apidos L (50) was very well received by the market and our broad investor base. It has been a busy year in the U.S. CLO market, where new issuance, refinancings and reissuance volumes have remained high. At CVC we have taken advantage of this, pricing five new U.S. CLOs and with significant refinancing and reset activity to enhance value in our existing portfolios.” Gretchen Bergstresser, Managing Partner and Global Head of Performing Credit at CVC Credit, added: “We appreciate the strong support we continue to receive from our valued investor base following the pricing of our tenth new CLO globally this year. Our team remains committed to delivering consistent performance through all of our CLOs actively managed, scalable and diversified pool of senior-secured floating rate loans.” https://lnkd.in/e-66d7TD

Our CVC Credit team reflects on the macroeconomic environment in Q3 of 2024 and the expected impact on rates later this year. Find out more in CVC Credit Perspectives. https://lnkd.in/eGjcWPZN

CVC Credit, the global credit management business of CVC, and CAPZA, a leading player in private investments in European SMEs, are pleased to announce the co-arrangement of a Unitranche financing to support the acquisition of ILERNA by Jacobs Holding. Rafael Figuera Feliz, Investment Director, CVC Credit commented: “ILERNA has a proven business model that continues to flourish across Spain, under this new partnership it will be able to accelerate the provision of its in-demand offering to many more prospective students. CVC Credit were able to leverage the CVC Network’s breadth and experience of the education sector which, combined with our innovative approach to financial solutions, enabled CVC Credit to be a chosen partner for ILERNA’s future growth.” https://lnkd.in/eCsxEDAX

CVC Credit, the €43 billion global credit management business of CVC, has successfully priced Cordatus XXXIII, a new Collateralized Loan Obligation ("CLO") of 2024 at c.€430m (c.$465m). Guillaume Tarneaud, Partner and Head of European Performing Credit at CVC Credit said: “Cordatus XXXIII received backing from a diverse group of both new and long-standing blue-chip investors, reflecting their continuing confidence in CVC Credit’s performing credit strategy and our ability to maintain a structured and measured approach to investing. We remain well positioned to leverage favourable market conditions and we are seeing a considerable uptick in new issue loan supply across Europe.” Gretchen Bergstresser, Managing Partner and Global Head of Performing Credit at CVC Credit, said: “In a market affected by macro volatility, we appreciate our global investor base’s continued support following our latest pricing. It further consolidates our position as a leading European CLO manager and reflects the strength and experience of our global Performing Credit team. 2024 has turned out to be a strong year so far and we are optimistic for Q4 2024.” https://lnkd.in/eVNphT3W

CVC Credit is pleased to announce that it has provided debt facilities to support the de-listing of the financial services consultancy, Alpha FMC (“Alpha FMC”), by Bridgepoint from the AIM market of the London Stock Exchange. simone zacchi, Partner at CVC Credit: “Alpha FMC is a leading asset and wealth management consultancy in the UK, with a strong reputation and track record of outperformance to its peer group. We are pleased to be supporting the next phase of its growth strategy in its newly established private environment through the provision of both term loan and acquisition facilities.” JOHN EMPSON, Managing Partner and Co-Chair of CVC Credit: “We are pleased to be partnering with Bridgepoint once again, having supported several of their other recent acquisitions including Analysys Mason, PharmaZell and Vivacy. CVC Credit has a track record of supporting strong and stable businesses who are backed by experienced financial sponsors and this is exactly the case with Alpha FMC.” https://lnkd.in/eQnFWTp4

CVC Credit, the €42 billion global credit management business of CVC, is pleased to announce that it has successfully priced Apidos XLIX (49), a new $500m (c.€460m) Collateralized Loan Obligation ("CLO"). This is the eighth new CLO issuance of the year from CVC, which together have an aggregate value of c.$3.9bn (c.€3.6bn). Kevin O’Meara, Partner and Head of US Performing Credit at CVC Credit, said: “Apidos XLIX was well-received by both existing and new investors, which reflects their confidence in CVC Credit’s performing credit strategy and our measured and structured investment approach across cycles. This successful issuance is indicative of the resilience of the U.S. CLO market, where new issue activity and positive return performance have remained buoyant throughout 2024.” Gretchen Bergstresser, Managing Partner and Global Head of Performing Credit at CVC Credit, added: “We appreciate the strong support we continue to receive from our global investor base following the pricing of our eighth new CLO this year. Our team remains committed to delivering consistent performance through all of our CLOs' actively managed, scalable and diversified pool of senior-secured floating rate loans.” https://lnkd.in/eAF4PtcE

Our CVC Credit team reflects on the macroeconomic environment in the first half of 2024 and the expected impact on rates later this year. Find out more in CVC Credit Perspectives. https://lnkd.in/efJeSSae

CVC Credit, the €42 billion global credit management business of CVC, has successfully priced Cordatus XXXII, its seventh new Collateralized Loan Obligation ("CLO") of 2024 at more than €400m (c.$443m). Guillaume Tarneaud, Partner and Head of European Performing Credit at CVC Credit: “We are delighted to have been able to price our latest new CLO at such tight levels, reflecting the trust our investors have in us and the strength and experience of our Performing Credit team. Having priced four new European vehicles so far this year, we are pleased to continue to consolidate CVC's position as one of Europe's most active CLO managers.” Gretchen Bergstresser, Managing Partner and Global Head of Performing Credit at CVC Credit: “Cordatus XXXII is our seventh CLO priced this year, which means we have now priced more than €3.1 billion of CLOs across our transatlantic platform so far in 2024. It has been a great start to the year and we are now excited about the H2.” https://lnkd.in/enk-YfqW

CVC Credit, the €40 billion global credit management business of CVC, is pleased to announce that it has successfully priced Apidos XLVIII (48), a new $500m (c.€460m) Collateralized Loan Obligation ("CLO"). This is the sixth new CLO priced by CVC in 2024, which together have an aggregate value of c.$2.9bn (c.€2.7bn). Kevin O'Meara, Partner and Head of US Performing Credit at CVC Credit, said: “Apidos XLVIII was exceptionally well received by investors, demonstrating the confidence our investors have in CVC Credit’s disciplined and rigorous approach to credit investment and capital deployment.” Gretchen Bergstresser, Managing Partner and Global Head of Performing Credit at CVC Credit, said:  “We are pleased to have priced our third new U.S. CLO of 2024 and our sixth globally, all before the end of H1. We are fortunate at CVC Credit to have an established track record and deep investor relationships who support our new issuance activities.” https://lnkd.in/er7Zf4G9

CVC Credit is pleased to announce that CVC’s private credit team has agreed to provide debt facilities across the capital structure to support the continuing growth strategy of PIB Group (“PIB”), a European diversified insurance intermediary, providing specialist insurance solutions, backed by Funds advised by Apax Partners. https://lnkd.in/eEpzHQqH