Kohlberg Acquires Trimaran Advisors

March 2, 2012

On February 29, 2012, Kohlberg Capital Corporation announced that it had completed the acquisition of Trimaran Advisors and interests in certain CLO funds in a cash and stock deal.


On February 29, 2012, Kohlberg Capital Corporation announced that it had completed the acquisition of Trimaran Advisors, L.L.C. for approximately $25 million in cash and 3,600,000 common Kohlberg shares.  Kohlberg will also acquire equity interests in certain collateralized loan obligation funds managed by Trimaran.  Trimaran is a credit-based alternative asset manager that currently manages four CLO funds with approximately $1.5 billion under management.  In connection with the transaction, which will expand Kohlberg’s asset management business, Kohlberg has entered into a $30 million credit facility with Credit Suisse.  Kohlberg is a publicly-traded business management company.

To read the press release, please click here.


Categories

Hedge Fund M&A, Investment Manager M&A, Transactions