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.
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