If you disable this cookie, we will not be able to save your preferences. ** As at 30 Nov 2020. Bybrook currently manages approximately USD2.5 billion on behalf of top tier international institutional investors. Cairn Capital to acquire Bybrook Capital 02/02/2021 - 4:38pm Cairn Capital Group (Cairn Capital), supported by Mediobanca as its majority shareholder, has agreed terms for a strategic partnership in which Cairn Capital will acquire and merge with Bybrook Capital (Bybrook), a specialist distressed credit manager based in London. Cairn Capital will buy and merge with Bybrook to create a leading diversified alternative credit manager with around $8 billion in assets under management, the Italian bank said on Tuesday. Sharenet provides financial information and services for investors on The JSE Securities Exchange and other South African markets including online share trading, real-time streaming quotes, graphs, news, fundamentals, portfolios, watch lists, Unit Trusts and simulated stock market trading. Read the full story at Private Equity Wire… Cairn Capital is set to manage $8 billion of assets after its acquisition of distressed debt fund manager Bybrook https://trib.al/OIzdtkK Mediobanca SpA’s credit fund Cairn Capital has agreed to buy Bybrook Capital, a distressed debt fund backed by Blackstone Group Inc., to … Mediobanca SpA’s credit fund Cairn Capital has agreed to buy Bybrook Capital, a distressed debt fund backed by Blackstone Group Inc., to expand its offering of alternative investments. 8th June 2020. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. 21st May 2020. Under the terms of the transaction, Cairn Capital Group Ltd. (“Cairn”) will acquire and merge with Bybrook Capital LLP (“Bybrook”). Mediobanca SpA’s credit fund Cairn Capital has agreed to buy Bybrook Capital, a distressed debt fund backed by Blackstone Group Inc., to expand its offering of alternative investments. Cairn Capital is a London-based alternative credit asset manager founded in 2004. Cairn Capital has a strong and proven reputation developed over the past 16 years as a trusted expert capable of successfully navigating market cycles and committed to delivering value for institutional investors around the world. Please enable Strictly Necessary Cookies first so that we can save your preferences. The merger with Bybrook fulfils the ambition to create a leading diversified alternative credit manager with approximately USD8 billion in AUM across public, private, performing and distressed investment opportunities. As part of its overall strategy, Mediobanca is strongly committed to enlarging its Wealth Management division, on both the distribution and asset management sides, organically and through acquisitions. London-based Bybrook will be merged with Cairn Capital, a credit management specialist. The transaction is subject to the customary conditions, including approval from the relevant regulatory authorities, and is expected to close in the second quarter of 2021. They also show their confidence in the future of Cairn Capital by becoming meaningful minority shareholders. Cairn Capital Group Ltd («Cairn Capital»), soutenu par Mediobanca SpA («Mediobanca») en tant qu'actionnaire majoritaire, a convenu des conditions d'un partenariat stratégique dans lequel Cairn Capital acquerra et fusionnera avec Bybrook Capital LLP («Bybrook»), un gestionnaire de crédit spécialisé en difficulté basé à Londres. It brings together a top performing leveraged loan and alternative credit franchise with an outstanding stressed/distressed and special situations business. Cairn Capital Group agreed to acquire specialist distressed credit manager Bybrook Capital. Mediobanca will retain a stake of around 64% in the new group, while the remaining 36% will be held by former Bybrook shareholders and Cairn Capital’s minority investors. Mediobanca will retain a stake of around 64% in the new group, while the remaining 36% will be held by former Bybrook shareholders and Cairn Capital… 08/03/2021. 62 Buckingham Gate Following the deal, set to complete by the end of June, the combined entity will manage a total of $8bn across public, private, credit and distressed debt markets. Cairn Capital to acquire Bybrook Capital, Mediobanca retains its majority stake. (Bloomberg) -- Mediobanca SpA’s credit fund Cairn Capital has agreed to buy Bybrook Capital, a distressed debt fund backed by Blackstone Group Inc., to expand its offering of alternative investments.The acquisition, set to complete by the end of June, will add about $2.5 billion in assets under management, taking Cairn to more than $8 billion, Chief Executive Officer Nicholas Chalmers … Nicholas Chalmers, CEO of Cairn Capital, says: “We are delighted at the prospect of merging with an outstanding firm that has a proven track record of delivering differentiated and strong absolute returns to institutional investors. BONDS. Bybrook, established in 2014, is focused on absolute value stressed/distressed debt and special situations in Europe and has established an outstanding track record since inception. Submitted. “With the acquisition of Cairn Capital in 2015, RAM Active Investments in 2017 and Bybrook today, Mediobanca keeps building an Alternative Asset Management platform which today manages roughly $10 billion in AUM,” Mediobanca CEO Alberto Nagel said in a statement. London-based Cairn Capital, bought by Milan-based Mediobanca in 2015, said on Tuesday it would acquire Bybrook for an undisclosed amount, adding $2.5bn in assets under management. Mediobanca SpA’s credit fund Cairn Capital has agreed to buy Bybrook Capital, a distressed debt fund backed by … T: 020 7259 4800    F: 020 7259 4899 The transaction was announced today, February 2, 2021. As one of Europe’s leading CLO franchises for many years, Cairn Capital provides Bybrook with even broader research coverage, which is sure to drive strong returns within stressed/distressed and special situations over the years to come. Cairn Capital has a proven history of successfully navigating multiple market cycles, Cairn Capital has an institutional-grade investment management platform yet maintains the creative spirit and nimbleness of a boutique, We are a highly experienced and diverse team of professionals who share a common goal of delivering value and best-in-class service to our investors, We invest across the capital structure and liquidity spectrum and specialise in combining deep fundamental research, rigorous quantitative analysis and seasoned structuring expertise to identify and unlock value, We have an exceptionally talented team and take pride in cultivating and maintaining a healthy working environment. Cairn Capital Group Ltd (“Cairn Capital”), supported by Mediobanca S.p.A. (“Mediobanca”) as its majority shareholder, have agreed terms for a strategic partnership in which Cairn Capital will acquire and merge with Bybrook Capital LLP (“Bybrook”), a specialist distressed credit manager based in London. This website uses cookies so that we can provide you with the best user experience possible. CLI and CLI II are not affiliates of each other nor of Cairn Capital but Cairn Capital established them and provides them with support services. (London) – Akin Gump is advising Cairn Capital Group Ltd., together with Mediobanca S.p.A. as its majority shareholder, on the terms of a strategic partnership in which Cairn Capital will acquire and merge with Bybrook Capital LLP, a specialist distressed credit manager based in London. We are confident that the combined fundamental credit research capabilities and complementary skills will greatly enhance the investment process and our ability to consistently deliver exceptional returns throughout the cycle.”, Robert Dafforn, CIO of Bybrook, says: “The Bybrook partners are extremely pleased to be joining forces with Cairn Capital. This means that every time you visit this website you will need to enable or disable cookies again. Cairn Capital will buy and merge with Bybrook to create a leading diversified alternative credit manager with around $8 billion in assets under management, the Italian bank said on Tuesday. We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used. Cairn Capital Group (Cairn Capital), supported by Mediobanca as its majority shareholder, is to acquire and merge with Bybrook Capital (Bybrook), a specialist distressed credit manager based in London. With the acquisition of Cairn Capital in 2015, RAM Active Investments in 2017 and Bybrook today, Mediobanca keeps building an Alternative Asset Management platform which today manages roughly $10 billion in AUM, focusing on specialist affiliates, adding value to their clients within the Group’s distribution networks and beyond.”, PSG-backed Hornetsecurity to acquire software solutions provider Altaro, Peak Rock Capital affiliate completes acquisition of AMB, IQ-EQ completes acquisition of Constellation Advisers, Inverness Graham acquires Electron Microscopy Sciences, BC Partners-backed DentalPro acquires Vitaldent Italia, Tristone Capital acquires North Wales care business, Mid Europe completes acquisition of Sage Poland, The Gamestop effect may attract investors to private markets, Circularity Capital's Andrew Shannon on the growth of the circular economy, Women are thriving in deep tech and life sciences, but the venture capital industry can do more to promote diversity, Investor Relations & Communications in Focus 2021, Verdane’s Desenio in largest Nordic e-commerce company listing on NASDAQ, "Technology is not a sector it's an enabler" – Q&A with Gateway Partners' Huda al-Lawati, What we learnt about venture capital in the age of Covid. This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages. Acquiring Organization: Cairn Capital Cairn Capital offers credit market expertise, combined with a … Akin Gump advised Cairn Capital Group Ltd. on the deal. DE Shaw’s latest paper is a cautionary tale on the efficacy of short duration US Treasuries. Bybrook Capital Bybrook Capital is a credit fund management company. Features. Cairn Capital, a London-based credit manager majority owned by Italian investment bank Mediobanca, has agreed to acquire Bybrook Capital for an undisclosed sum. Bloomberg - Benjamin Robertson, Antonio Vanuzzo, Nishant Kumar. It has seven partners, including senior former employees of hedge funds like Capula Investment Management, BlueBay Asset Management, and Marble Bar Asset Management. Cairn Capital Group Ltd., together with Mediobanca S.p.A. as its majority shareholder, announced a strategic partnership … 08/03/2021. - … Cairn Capital will buy and merge with Bybrook to create a leading diversified alternative credit manager with around $8 billion in assets under management, the Italian bank said on Tuesday. This website uses cookies to provide you with the best browsing experience. Cairn Capital Group Ltd (Cairn Capital) will acquire and merge with specialist distressed credit manager Bybrook Capital (Bybrook) as part of a new strategic partnership between both companies. Hedge funds pick up the pace, as industry returns continue to rise in February. Mediobanca S.p.A (“Mediobanca”), Cairn’s majority shareholder, will hold 64% in the combined group while the remaining 36% will be held […] London-based Cairn Capital, bought by Milan-based Mediobanca in 2015, said on Tuesday it would acquire Bybrook for an undisclosed amount, adding $2.5bn in assets under management. Submitted. Cairn Capital and Bybrook both enter into this partnership having delivered meaningful growth and strong investment performance. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. (Bloomberg) -- Mediobanca SpA’s credit fund Cairn Capital has agreed to buy Bybrook Capital, a distressed debt fund backed by Blackstone Group Inc., to expand its offering of alternative investments. Cairn Capital has an institutional-grade investment management platform yet maintains the creative spirit and nimbleness of a boutique 62 Colleagues ** We are a highly experienced and diverse team of professionals who share a common goal of delivering value and best-in-class service to our investors Keeping this cookie enabled helps us to improve our website. Cairn Capital, the alternative credit asset management firm in which Mediobanca has a majority stake, has agreed a deal to buy and merge with Bybrook Capital. * As at 30 Nov 2020. On February 2, 2021, Cairn Capital Group Ltd. announced it will acquire Bybrook Capital LLP. FUND PERFORMANCE. Bybrook CIO Robert Dafforn said: “The Bybrook partners are extremely pleased to be joining forces with Cairn Capital. Bybrook Capital to be acquired by Cairn Capital. Cairn Capital announces the appointment of Charis Edwards as junior portfolio manager for risk transfer. Cairn Capital | 1,981 followers on LinkedIn. Specialists in alternative credit asset management. Cairn Capital will takeover and merge with Bybrook to create a diversified alternative credit manager with around US$ 8 billion in assets under management. Includes 9 external analysts who are employees of Sutherland Global Services which has been providing credit research services to Cairn Capital since 2006. AUM refers to assets under management and advice and includes CLOs which are managed by Cairn Loan Investments LLP (“CLI”) and Cairn Loan Investments II LLP (“CLI II”). Cairn Capital Group (Cairn Capital), supported by Mediobanca as its majority shareholder, has agreed terms for a strategic partnership in which Cairn Capital will acquire and merge with Bybrook Capital (Bybrook), a specialist distressed credit manager based in London. Bybrook Capital, the absolute value credit fund founded by former Eton Park Capital Management partner Robert Dafforn in 2014, made £10.5m in revenues last year, up from £4.6m. Through this transaction, Mediobanca will reaffirm its majority shareholder position with a stake of c64 per cent while the remaining 36 per cent will be held by former Bybrook shareholders and existing Cairn Capital minority shareholders. London SW1E 6AJ We are excited that we will be able to provide full credit markets solutions to clients via the enhanced and expanded platform.”, Alberto Nagel, CEO of Mediobanca, says: “In the past five years we have fostered Cairn Capital’s growth and today, in welcoming Bybrook, we will broaden its investor appeal, raise new capabilities and achieve positive synergies positioning the combined entity in the higher margin segment. generalenquiries@cairncapital.com. Crediflux: Pandemic underlines importance of the S in ESG as compliant companies outperform. The Bybrook partners will keep their full focus on managing their strategies while remaining significant investors in their funds alongside investors.
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