GSO Capital Partners will acquire AIB Capital Markets’ collateral management business, Bloomberg reports. The European collateralized loan obligation (CLO) manager’s business includesfour CLOs worth over €1.5 billion.
After the completion of the transaction, GSO will own 38 CLOs in the U.S. and Europe. The Blackstone Group credit investment unit will replace AIB as manager on the CLOs, including Skellig Rock and Boyne Valley.
Click here for the story from Bloomberg.