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Carlyle Group has acquired New York-based Churchill Financial, a debt capital provider to middle-market companies, from Olympus Partners, according to a Nov. 18 news release.
As part of the deal, 13 investment professionals joined Carlyle's global market strategies business and will continue managing a $1.25 billion AUM collateralized loan obligation focused on senior loans to middle-market companies.
Financial terms of the deal were not disclosed.
The equity of the CLO will continue to be owned by Churchill Financial Group, a portfolio company of Olympus Partners. Ken Kencel was named a managing director of Carlyle.
Simpson Thacher & Bartlett LLP represented Carlyle and Orrick Herrington & Sutcliffe LLP represented Churchill.
Copyright SNL Financial LC Nov 21, 2011