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CVC Capital Partners to Acquire Marathon for $1.2 Billion

1/26/2026

Summary

Story summary

CVC Capital Partners will acquire Marathon Asset Management for up to $1.2 billion.
The deal includes $400 million cash and up to $800 million in CVC equity, with earn-outs based on Marathon's 2027–2029 performance.
The transaction lifts CVC's assets under management to about €61 billion.
Rob Lucas, Chief Executive Officer of CVC Capital Partners, says the acquisition expands CVC's U.S. credit capabilities, with closing expected in Q3 2026, pending regulatory approvals.

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Story summary

CVC Capital Partners will acquire Marathon Asset Management for up to $1.2 billion.
The deal includes $400 million cash and up to $800 million in CVC equity, with earn-outs based on Marathon's 2027–2029 performance.
The transaction lifts CVC's assets under management to about €61 billion.
Rob Lucas, Chief Executive Officer of CVC Capital Partners, says the acquisition expands CVC's U.S. credit capabilities, with closing expected in Q3 2026, pending regulatory approvals.