AllianceBernstein to Acquire CarVal

INVESTMENT MANAGEMENT DEALS BLOG

April 14, 2022

On March 17, 2022, it was announced that AllianceBernstein L.P. entered into an agreement to acquire CarVal Investors L.P.

Under the terms of the transaction, AllianceBernstein L.P. (“AB”) will acquire CarVal Investors L.P. (“CarVal”) for an initial purchase price of $750 million and a multi-year earnout if certain targets are reached. CarVal and its employees will continue to operate in its office locations around the world. The transaction,subject to customary regulatory and closing conditions, is expected to close in the second quarter of 2022.

AB, based in New York, New York, is a subsidiary of Equitable Holdings, Inc. and is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals, and private wealth clients in major world markets. As of February 28, 2022, AB had $739 billion in assets under management.

CarVal, based in Minneapolis, Minnesota, is an established global private alternatives investment manager with $14.3 billion in AUM, primarily focused on opportunistic and distressed credit, renewable energy infrastructure, specialty finance and transportation investments.

To read the press release: please click here.

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