Mergers & Acquisitions

Czech Asset Management

08/22
Piper Sandler served as sell-side advisor for Czech Asset Management, L.P. on sale to Voya Investment Management

Transaction Summary
On August 2, 2022, Voya Investment Management (“Voya IM”), the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced that it had signed a definitive agreement to acquire Czech Asset Management, L.P. (“CAM”), a leading private credit asset manager dedicated to the U.S. middle market. The transaction closed on November 1, 2022.

Press Release Link

Czech Asset Management, L.P.
Founded in 2011 and based in Old Greenwich, Connecticut, Czech Asset Management ("CAM") is a leading private credit manager dedicated to the U.S. middle market with $5.0B+ of committed capital across four funds since inception as of December 31, 2021.  CAM’s core investment strategy focuses on investing in floating rate senior secured loans on an unlevered basis.  CAM has a strong in-house deal origination primarily through established sponsor, investment bank, and business credit relationships.

Voya Financial, Inc.
Voya is a leading health, wealth, and investment company that provides products, solutions, and technologies that help Americans become well planned, well invested, and well protected.  Serving the needs of 14.3M individual, workplace, and institutional clients, Voya has approximately 6,000 employees.

Voya Investment Management
Voya IM oversees $330B in assets in public and private fixed income, equities, multi-asset solutions, and alternative strategies for institutions, financial intermediaries, and individual investors, drawing on a 50-year legacy of active investing and the expertise of 300+ investment professionals.  They are one of the 50 largest managers of institutional assets globally.

Sub-Type
Sell-Side
Sub-Sector
Asset & Wealth Management