Direct lenders including Antares Capital, Blue Owl Capital Inc and KKR & Co are preparing to take over insurance claims manager Alacrity Solutions, the latest restructuring in the private credit market, according to people with knowledge of the matter.
BlackRock Inc. is set to hand over control of the company to its lenders less than two years after it purchased a 70% majority stake in the firm from Kohlberg & Co., said the people who asked not to be identified as the details are private. BlackRock’s existing equity investment will be completely wiped out, the people said, ...
