The Carlyle Group acquired CBAM Partners (CLO portfolio) for $812.9M, a transaction completed in March 2022, structured as Asset / management-contract purchase; cash plus newly issued stock.
CBAM Partners (CLO portfolio) operates in Global Credit (CLOs), is based in New York, New York, USA. Carlyle acquired the management contracts for a portfolio of assets from CBAM Partners, primarily U.S. and European collateralized loan obligations, significantly scaling its Global Credit CLO business. Alongside the contracts, Carlyle also acquired CBAM CLO senior and subordinated notes. The transaction closed March 21, 2022.
Scale Carlyle's CLO and structured-credit platform through acquired management contracts and CLO assets.
Advisory firms were not disclosed for this transaction.