M&G to Acquire Majority Stake in Euro Private Credit Firm P Capital

M&G Investments is acquiring a majority stake in Stockholm-based private credit firm P Capital Partners in a move that will boost its own £19B private and structured credit capabilities.

The £73B London-based investment manager said the transaction involves securing a 70% equity stake in the private credit business, with the rest remaining with P Capital’s management. M&G plans to maintain P Capital’s current 45-person team and investment strategies, which specialize in European direct lending, following the acquisition.

The deal is expected to close in the middle of the year. Fenchurch Advisory Partners served as financial advisor, and Freshfields and Gernandt & Danielsson Advokatbyrå KB as legal advisors to M&G, while Moelis & Company UK LLP acted as exclusive financial adviser, and Goodwin Procter and Mannheimer Swartling as legal advisers to P Capital Partners.

Written By: Dakota

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M&G to Acquire Majority Stake in Euro Private Credit Firm P Capital

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