Merger · Activity not yet classified
Ascribe Capital and Birch Grove Capital
Transaction overview
Reported completed
Exact closing date not established.
On July 1, 2021, American Securities LLC reported that its opportunistic credit business, Ascribe Capital, had merged with Birch Grove Capital to form AS Birch Grove. The release did not state an exact closing day, consideration or ownership split. The approximately $5 billion figure described combined assets under management, not a purchase price.
Selected source-supported transactions; coverage is incomplete. Announcements do not establish completion or that a deal is still pending. Sponsor activity and operating-business transactions are distinct from adviser acquisitions. Unclassified activity is excluded from adviser-only counts.
Source evidence
- American Securities’ Credit Business and Birch Grove Capital Merge to Drive Expansion and Evolution of Debt Platform ↗
Official source website · Published Jul 1, 2021
On July 1, 2021, American Securities LLC reported that its opportunistic credit business, Ascribe Capital, had merged with Birch Grove Capital to form AS Birch Grove. The release did not state an exact closing day, consideration or ownership split. The approximately $5 billion figure described combined assets under management, not a purchase price.