Natixis buys UK credit specialist
Natixis Investment Management has announced the acquisition of a UK-based credit specialist with a focus on upper mid-cap private debt, MV Credit, in a move to expand its private debt capabilities.
Under the terms of the deal, MV Credit would join Natixis as a fully autonomous affiliate which means that no changes would be made to MV Credit’s operations, branding, staffing or investment strategies and the existing management team.
At the same time, MV Credit would gain access to Natixis’ global distribution capabilities.
The acquisition would also be expected to broaden Natixis’ European real assets range, providing investors with access to a range of strategies in private equity, private debt, real estate and infrastructure.
MV Credit, which was established in 2000, has seen its funds investing more than €5 billion in close to 500 debt financing solutions. Its investment philosophy is built on two core principles: rigorous credit analysis and active portfolio management, the firm said.
According to Natixis’ chief executive, Jean Raby, MV Credit would fit within the firm’s multi-affiliate model and would extend investors’ selection by offering them access to a “unique new range of private debt strategies”.
“The combination of MV Credit’s proven track record, experienced management team, and strong expertise in subordinated and senior debt will make a substantial contribution to our European real assets range,” he said.
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