CVC Credit Partners is Formed

CVC Capital Partners and Resource America have merged CVC Cordatus Group and Apidos Capital Management to form CVC Credit Partners. The transaction has now completed. Led by a team comprising Marc Boughton (CEO), Stephen Hickey (chief risk officer) and chairman Jonathan Cohen, the business comprises $7.7 billion of credit assets across 23 vehicles in the US and Europe.

PRESS RELEASE

On 4th January 2012 CVC Capital Partners SICAV-FIS S.A (“CVC”), a leading private asset management and investment advisory firm, and Resource America Inc., a specialized asset management company, signed an agreement to combine CVC Cordatus Group and Apidos Capital Management and form CVC Credit Partners. The transaction has now completed.
Led by a team comprising Marc Boughton (CEO), Stephen Hickey (Chief Risk Officer) and Chairman Jonathan Cohen, the business comprises $7.7bn of credit assets across 23 vehicles in the US and Europe. Gretchen Bergstresser and Jonathan Bowers will be Senior Portfolio Managers alongside Group COO, Chris Allen.
Marc Boughton commented: “both teams appreciate the significant benefits of being able to offer sponsors and companies access to a broader range of debt capital to support their businesses and initiatives”.
Jonathan Cohen comments: “we are delighted to be partnering with CVC whose local knowledge and extensive contacts underpin a 30-year proven track record of investment success. The group will offer Investors access to a broader range of investment opportunities within the US and European credit markets using our combined investment expertise, strong origination capabilities and robust credit processes.”