IN THE THIRD QUARTER OF 2024, CLEARLAKE CLOSED ONE PLATFORM ACQUISITION AND EIGHT ADD-ON TRANSACTIONS.
We are also pleased to announce the pending acquisition of MV Credit, a pan-European credit specialist that provides tailored fund solutions to investors across various strategies, including senior direct lending, subordinated direct lending, hybrid, and collateralized loan obligations. The integration of MV Credit into the broader Clearlake platform marks an important step in deepening our credit capabilities and expanding our presence in Europe. This acquisition is strategically significant, as it is expected to allow us to leverage the synergies between the two firms to explore new avenues for growth and better serve our clients’ needs.
In light of the Federal Reserve’s recent decision to cut interest rates, we anticipate that lower borrowing costs will drive increased deal activity in the coming months, which may foster better alignment between buyer and seller expectations, creating a conducive environment for new opportunities. As we navigate this evolving market, our commitment to delivering value is steadfast, and we look forward to the prospects that lie ahead.
