Clifford Chance Leads CVC In $7.5B Credit Business Tie-Up

Law360, New York (January 4, 2012, 6:10 PM EST) -- Resource America Inc. and CVC Capital Partners will combine their loan management divisions to form a global credit management business with $7.5 billion in assets under management, the companies announced Wednesday.

The deal will combine asset manager Resource America's collateralized loan obligation manager Apidos Capital Management LLC with CVC Cordatus Group, the credit manager arm of asset manager and private equity firm CVC Capital. The new entity, CVC Credit Partners, will have investments in 21 investment vehicles in the U.S. and Europe.

Under the terms of...
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