Investcorp is buying the debt management business of 3i Group for £222 million (US$270.6 million(, giving the Bahrain-based private equity firm one of the larger cross-border CLO management operations.

The deal includes $12 billion under management in European and U.S. collateralized loan obligations, which will continue to be run by 3i Debt Management managing partner and chief executive Jeremy Ghose.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.