M&G Acquires Majority Stake in P Capital Partners

M&G has acquired a majority stake in P Capital Partners, with advisory support from Gernandt & Danielsson Advokatbyrå. This acquisition is part of M&G's strategy to enhance its private corporate credit lending capabilities. Traditionally known as a pioneering non-bank lender in European leveraged loans, M&G aims to provide external clients and its Life business access to more diverse and higher yielding private credit strategies. P Capital Partners, established in 2002, has a noteworthy history in European direct lending, offering tailored financing solutions to mid-sized firms that face obstacles obtaining traditional loans or are reluctant to dilute ownership by issuing additional equity. The legal advisory team from Gernandt & Danielsson included several partners and associates specializing in areas such as financial regulation, employment, competition, and data protection.