With DDJ, Polen Capital will expand beyond growth equity offerings to meet growing client demand for income solutions
BOCA RATON, Florida, December 7, 2021 / PRNewswire / – Polen Capital, a global asset manager, today announced that it has entered into a purchase agreement to acquire 100% of the shares of DDJ Capital Management, a high-yield boutique manager of bank loans, private credit and special situations.
The acquisition marks Polen’s expansion into the high yield market and pursues Polen’s goal of delivering superior active returns to preserve and grow client assets with offerings that meet the growing demand for sustainable income.
With over 80 billion dollars of its clients’ assets through its high conviction growth portfolios, including Large Business Growth, Small and Medium Business Growth (SMID) and Emerging Market Growth, Polen has generated attractive returns on more than three decades.
DDJ manages more $ 8.2 billion assets through a range of investment strategies focused exclusively on the high yield bond and leveraged loan markets.
“We are committed to our long-term strategy focused on organic growth and our goal of adding value for our customers, colleagues and our community,” said Stan moss, CEO of Polen Capital. “The acquisition of DDJ follows a thoughtful and deliberate process of evaluating the distinctive, high-value-added capabilities that will meet customer demand for revenue. Polen and DDJ are extremely complementary, share core investment beliefs, and have compatible cultures that will contribute to a stronger, more sustainable and sustainable business. “
“Our team at DDJ is delighted to join Polen Capital, a company that shares our core mission and core values,” said David Breazzano, President and Chief Investment Officer of DDJ. “This transaction will allow us to continue to focus on delivering the strong investment results and the high quality service our clients desire with the additional support and resources of Polen Capital’s successful organization. “
Building on the Polen Capital platform, DDJ’s investment team will become Polen’s fourth stand-alone investment team to retain ownership of its investment process and approach. David Breazzano will oversee the high yield investment team and join Polen’s operating committee.
The transaction is expected to close at the end of the fourth quarter of 2021, subject to the satisfaction of customary closing conditions.
Colchester Partners LLC and KarVen LLC acted as financial advisers and Greenberg Traurig LLP acted as legal advisers to Polen Capital Management LLC.
Berkshire Global Advisors acted as financial advisor and Goodwin Procter LLP as legal advisor to DDJ Capital Management LLC.
About Polen Capital Management
Polen Capital Management is a global investment management consulting firm 80 billion dollars in assets and by delivering high-value investment strategies to a wide range of institutional and individual clients around the world. Since 1989, the firm has been committed to attracting, developing and retaining exceptional professionals who align with our mission to preserve and grow our clients’ assets to protect their present and enable their future. Polen Capital currently has three independent investment teams that oversee a universe of global equity of high quality growth companies: the Boca Raton, Floridathe large business growth team based, Bostonthe small business growth team, and Londonbased on the Emerging Markets Growth Team. The company has been recognized by Pensions & Investments as one of the “Best Places to Work” in the industry every year for the past five years.
About DDJ Capital Management
DDJ is a private investment manager specializing in investments in leveraged credit markets including high yield bonds, syndicated bank loans, private credit and other special situations. Since its inception in 1996, DDJ has sought to generate attractive risk-adjusted returns for its clients by adhering to a bottom-up, value-driven fundamental investment philosophy. DDJ believes that its disciplined investment approach and comprehensive research process enables the company to provide its clients with attractive, risk-adjusted returns throughout various market cycles. DDJ’s investment professionals bring extensive experience in portfolio management, research analysis, legal analysis and trading. From November 30, 2021, DDJ managed $ 8.2 billion in assets on behalf of corporate and public pension funds, mutual fund promoters, insurance companies and other institutional investors located in North America and European.
Capital of Poland
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SOURCE Polen Capital