CVC, a private markets investment firm, and Marathon, a global credit manager, have announced that CVC has agreed to acquire 100 percent of Marathon in a cash and equity transaction with a base consideration valued at up to $1.2 billion.
The transaction significantly expands CVC’s access to the large and fast-growing US market through Marathon’s market-leading positions in asset-based, real estate, opportunistic and public credit.
Following completion, the combination of CVC Credit and Marathon will increase CVC Credit’s fee-paying assets under management (FPAUM) to approximately €61 billion ($72 billion), creating a world-class, multi-asset global credit manager with scaled investment capabilities across both private and public credit. The addition of Marathon materially broadens CVC’s credit offering and significantly enhances its ability to scale and serve clients across institutional, private wealth and insurance channels globally. The transaction adds
