European buyout firm CVC Capital Partners has agreed to buy Resource America’s CLO unit in a move to expand in the U.S., the two companies said in separate statements today.

London-based CVC will combine its Cordatus debt unit with Resource’s CLO manager, Apidos Capital Management, for which it will pay $25 million. Marc Boughton, who started CVC Cordatus, will head the new firm, called CVC Credit Partners.

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