Santander to acquire Amherst Pierpont for $600 million
Banco Santander says it has struck an agreement to acquire fixed income broker dealer Amherst Pierpont Securities

Vontobel takes full ownership of TwentyFour after bringing forward acquisition plan
Vontobel says that it owns all of TwentyFour Asset Management after fast-tracking a plan to top up its previous 60% stake in the structured credit fund manager

Medalist buys remaining stake in CLO manager due to “significant demand" from investors
Medalist Partners has accelerated the buyout option for its remaining stake in CLO platform Medalist Partners Corporate Finance (formerly JMP Credit Advisors) due to investor demand for CLOs

Birch Grove merges with American Securities' credit business
US private equity firm American Securities has merged its opportunistic credit business, Ascribe Capital, with boutique alternative credit hedge fund Birch Grove Capital

Sound Point looks to amplify mid-market offerings with BDC and CLOs
Sound Point Capital Management expanded into mid-market lending earlier this month with the acquisition of CVC Credit Partners’ US direct lending arm, and the firm has big ambitions to expand the business

Kayne appoints new CEO as Levitt and CLO team spin out
More details have emerged on the spin out of Kayne Anderson’s credit business, first reported by Creditflux today, with sources indicating chief executive officer Michael Levitt is part of the team that is leaving

Update: Kayne to split from CLO and credit opps units
Kayne Anderson is set to spin out its CLO business

Sound Point confirms buy-out of CVC's US direct lending business
Sound Point Capital Management has bought CVC’s US direct lending business, the pair have confirmed. The deal will add $1 billion of assets to Sound Point’s $25 billion platform and includes nine investment professionals

Sound Point strikes deal to buy CVC's US direct lending business: WSJ
Sound Point Capital Management has agreed to buy CVC’s $1.5 billion US direct lending arm as part of a push into private credit 

European CLO manager pushes for platform sale
A boutique European CLO manager has become the latest to look at placing its platform up for sale

York spins out CLO business with new equity partner
York Capital Management is spinning out its CLO business, forming a new strategic partnership with an investment firm

Hamilton Lane forms private markets partnership with Russell
Hamilton Lane will provide insight and input to Russell Investments’ private markets team on portfolio construction, along with investing money

Bardin Hill sells European CLO business to HPS with head Snyder set to retire
Bardin Hill Investment Partners has sold its European CLO platform to HPS Investment Partners

Past returns: Highland sells European CLOs at second attempt
In Creditflux 10 years ago, we reported that Highland Capital Management was offloading its European CLOs, with Alcentra and Barings among the frontrunner

Mid-market CLO manager sells minority stake to Aberdeen Standard division
A $10 billion US mid-market private credit firm has sold a passive minority equity stake to Bonaccord Capital Partners

Golub follows Sixth Street by suing Dyal over Owl Rock merger
Dyal Capital’s merger with Owl Rock faces growing opposition with Golub Capital filing a lawsuit

Issuer goes from debutant to zero in one year as PM leaves and CIFC swoops for sole CLO
A US CLO manager has gone from debuting in 2019 to having no CLOs under management as CIFC takes over its one deal

European CLO manager puts platform up for sale
European CLO merger and acquisition activity is on the rise as a boutique manager puts its CLO platform up for sale

York Capital seeks CLO business sale after promising investors to refocus on them
York Capital Management is looking to sell its CLO platform, just weeks after penning a letter to investors promising to double down on the asset class

Cairn buys $2.5 billion European distressed debt manager
Cairn Capital has bought a $2.5 billion European distressed debt hedge fund manager, boosting the firm's assets under management to $8 billion

Asset management giant emerges as bidder for European CLO businesses
A large asset manager came close to adding European CLOs and direct lending to its product range with the firm emerging as a bidder on two asset management businesses

Asian direct lender spins off from PE house Olympus with Canadian backing
Olympus Capital Asia’s private credit team has become the latest firm to spin out of its parent company and has rebranded to Orion Credit Capital Asia

Fidelity steps into European CLOs with MeDirect deal
Fidelity International is breaking into European CLOs after striking a deal to acquire the CLO management team from MeDirect

TIG delves into Asian credit following minority investment in Arkkan
New York-based asset manager TIG Advisors has bought a minority equity stake in Hong Kong-based alternative asset manager Arkkan Capital

Stone Point and Wilton Re invest $100 million in Nassau
Nassau Financial Group says Wilton Reinsurance Company and Stone Point Credit have invested $100 million in its business through a new series of non-cumulative perpetual preferred equity