Simpson Helps Carlyle Boost Loan Biz With Churchill Buy

Law360, New York (November 18, 2011, 4:55 PM EST) -- Private equity giant The Carlyle Group LP has purchased Churchill Financial LLC from fellow private equity firm Olympus Partners for an undisclosed sum to upgrade its middle-market business lending power, Carlyle said Friday.

New York-based Churchill Financial, a debt capital provider to middle-market companies, and 13 investment professionals, join Washington-based Carlyle as part of the deal, the buyer said.

But the equity in a collateralized loan obligation managed by the 13-member team led by outgoing Churchill Financial executive Ken Kencel, which has $1.25 billion in assets...
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