Clearlake Agrees to Acquire MV Credit From Natixis, FT Reports

Clearlake Capital agreed to buy the investment unit from Natixis for “several hundred million dollars,” Financial Times reports, citing people familiar with the matter.

• Acquisition takes Clearlake’s assets under management to more than $90 billion
• Clearlake is funding the acquisition with cash and through a revolving credit facility
• The expansion into credit “made us better investors,” co-founder of Clearlake José E Feliciano told FT
  • Natixis declined to comment to FT

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