M&G Takes Control of European Private Credit Firm P Capital Partners
- Editor
- Feb 6
- 1 min read
What's Happening
M&G Investments is acquiring a 70% stake in Stockholm-based P Capital Partners (PCP), a major European private credit lender focused on mid-sized businesses and sustainable technologies. The deal aims to bolster M&G's private markets presence and expand its lending capabilities across Europe.
The Key Moves
PCP will join M&G's £73 billion private markets division while maintaining its current management team and investment strategies
The acquisition gives M&G direct access to PCP's corporate non-sponsor lending expertise and two-decade track record
Deal positioning targets the growing $1.5 trillion global private credit market, where institutional allocations are rising over 10% annually
Key Players
Joseph Pinto - CEO, M&G Investments
Emmanuel Deblanc - CIO of Private Markets, M&G Investments
Daniel Sachs - Founder and CEO, P Capital Partners
By The Numbers
Deal value: M&G acquiring 70% stake, with PCP management retaining 30%
PCP team size: 45 professionals based in Stockholm
Track record: PCP has raised €7 billion since inception and invested in over 170 companies
Key Quotes
"This acquisition is in line with our growth strategy in private markets where we have the ambition to become the European champion" - Joseph Pinto, M&G Investments CEO
The Wrap The acquisition represents a strategic push by M&G to dominate European private markets while giving PCP broader distribution capabilities. The deal is expected to close in mid-2025, pending regulatory approval.
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