Mergers & Acquisitions / Joint Ventures

Cordatus, Apidos merge to form $7.5bn global credit manager


London-based private asset management and investment advisory firm CVC Capital Partners and specialist US-based fund manager Resource America are combining their credit asset management operations to form a major new global credit and CLO asset manager.

CVC Cordatus – the European debt investment arm of CVC Capital Partners that was set up in 2006 – is merging with Apidos Capital Management, which also specialises in non-investment grade corporate credit investing, to form CVC Credit Partners (CCP).

Led by managing partner Marc Boughton, the former head of Cordatus, the new global CVC Credit Partners operation will comprise $7.5 billion