View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
February 7, 2022

Carlyle eyes acquisition of credit investment firm CBAM

US-based private equity firm Carlyle Group is currently in discussion to buy credit investment firm CBAM Partners, Reuters reported, citing people privy of the development.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

According to the sources, a deal would enable Carlyle to boost its credit investment platform and fortify its competition with peers including Apollo Global Management and Blackstone.

The company is looking to buy the New York-headquartered credit firm for between $750m and $850m, according to a report by Bloomberg.

Founded in 2016, CBAM is claimed to oversee $15bn in credit assets, including collateralised loan obligations and structured credit products.

Billionaire Todd Boehly’s investment company Eldridge holds the controlling stake in the firm.

Spokespersons for Carlyle and CBAM did not comment on the news.

The Washington, D.C.-based Carlyle, which has been looking to fortify its credit platform, hired veteran credit executive Mark Jenkins in 2016 to lead its expansion into the private credit market.

As of the end of December 2021, the firm’s credit assets increased $73bn from $34bn in 2016 on the back of a number of acquisitions and fundraising.

In 2016, it invested about $400m in ION Investment Group and acquired aircraft financing firm Apollo Aviation Group in 2018.

Last year, Carlyle agreed to take a majority holding in funds network Calastone to help the latter ramp its growth, including global expansion.

Most recently, the firm agreed to buy rental property leasing business of iStar in a $3bn deal.

Last year, Hurst Point Group, a portfolio company of Carlyle, brokered a deal to acquire investment manager Hawksmoor Group.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International