Dentons has advised Natixis Investment Managers on the sale of MV Credit, the pan-European private credit fund manager, to Chelsea FC co-owner Clearlake Capital.
Headquartered in Paris and Boston, Natixis Investment Managers is part of the Global Financial Services division of Group BPCE, the second largest banking group in France. It is ranked amongst the world’s largest asset managers with more than US$1.3 trillion assets under management. Dentons is proud to have supported Natixis Investment Managers on a number of transactions and advised it on its original acquisition of MV Credit in 2018.
MV Credit is a private credit fund manager investing in senior and subordinated debt across Europe. Clearlake Capital is an investment firm operating across private equity, credit and other related strategies. Clearlake Capital currently has over US$85 billion of assets under management and along with Todd Boehly led the consortium which acquired Chelsea FC from Roman Abramovich in 2022.
Darren Acres, corporate partner at Dentons who advised on the deal, said, “We are delighted to have supported longstanding client Natixis Investment Managers on this highly complex transaction. This deal played to Dentons’ strengths, in particular, our ability to pinpoint and draw on our strong asset management M&A capabilities across multiple locations, including the UK, Luxembourg and the US.”
The cross-border Dentons team that advised Natixis included lawyers from London, Luxembourg, Paris and the US. Corporate partner Darren Acres led on the deal along with Danni Hofmeyr, Sarah Wylie, Dan Stafford, Katie Henson, Alysha Bodman and Harith Ahmed (Corporate). The corporate team was supported by Guy Norfolk (Funds), Neil Dixon (Prudential Regulation), Alex Tostevin and Ivan Jelocnik (Tax), Christopher Graf and Tanya Macrae (Competition). Ed Hickman and Liz Potts (Structured Finance) and Alison Weatherhead (PRM).
