On August 22, 2011, Bloomberg.com reported that family-owned financial advisor Rothschild has agreed to acquire CLO manager Elgin Capital LLP, tripling its European leveraged loans under management.
On August 22, 2011, Bloomberg.com reported that Rothschild has agreed to take over London-based CLO manager Elgin Capital LLP. Rothschild, a family-owned financial advisor, will take on most of Elgin’s staff and will assume management of Elgin’s CLO portfolio, which includes four Dalradian collateralized loan obligations. The transaction will bring Rothschild’s CLO holdings to approximately $2.9 billion. Terms of the deal were not disclosed.
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