On November 18, 2011, The Carlyle Group announced that it had acquired middle market lender Churchill Financial BDC Inc. from Olympus Partners for an undisclosed amount.
On November 18, 2011, global alternative asset manager The Carlyle Group announced that it had acquired Churchill Financial BDC Inc. from Olympus Partners for an undisclosed amount. Churchill is a New York-based debt capital provider to middle market companies. As part of the transaction, Churchill, which has approximately $1.25 billion in collateralized loan obligation assets under management, will add 13 investment professionals to Carlyle’s Global Market Strategies business, which currently manages approximately $22 billion in assets. The equity of the CLOs will continue to be owned by Churchill, who will continue to manage the CLO assets.
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