The Jersey-based firm said on Monday that the deal is expected to close in the third quarter of this year, subject to regulatory approvals. Under the terms of the agreement, the initial consideration comprises around $400 million in cash and up to $800 million in CVC equity. Private equity firm CVC Capital has agreed to acquire 100% of US-based Marathon Asset Management in a transaction valued at up to $1.2 billion, marking a major expansion of its credit business in the United States. Copy link to section ...