CVC acquires Marathon Asset Management

Financials · United States · $1.2B (plus up to $400M earn-out)

CVC Capital Partners acquired US credit manager Marathon Asset Management in January 2026 for a $1.2 billion closing consideration ($400M cash, up to $800M in CVC equity), plus up to $400M in earn-out consideration through FY2029. The firm was rebranded CVC-Marathon, with co-founders Bruce Richards and Lou Hanover continuing to lead it alongside CVC's Andrew Davies.