Kohlberg Capital (KCAP) Acquires Trimaran Advisors, L.L.C for $25M + 3.6M in Shares

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Kohlberg Capital Corporation (Nasdaq: KCAP) has completed the acquisition of Trimaran Advisors, L.L.C., along with equity interests in certain collateralized loan obligation funds managed by Trimaran Advisors. The purchase price consisted of approximately $25 million in cash and 3,600,000 shares of Kohlberg Capital common stock.

Trimaran Advisors, founded in 1998, is a credit-based alternative asset manager that currently manages four CLO funds with aggregate assets under management of approximately $1.5 billion. Trimaran Advisors focuses primarily on below investment grade corporate debt, using primary credit research to identify attractive investment opportunities and monitor the credits in the investment portfolios.

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