Man Group, the London-headquartered alternative investment firm, has entered into an agreement to acquire Silvermine Capital Management, a leveraged loan manager with $3.8 billion in assets across nine active collateralized loan obligations (CLOs). The acquisition is expected to close in the first quarter of 2015, subject to regulatory approvals.
Silvermine is wholly owned by the firm’s founders and senior staff members and is based in Stamford, Connecticut.
