Polen Capital Buys DDJ Capital Management
Posted on 12/08/2021
Polen Capital entered into a purchase agreement to acquire 100% of the equity of DDJ Capital Management, a boutique high yield, bank loan, private credit, and special situations manager. The acquisition marks Polen’s expansion into the high yield market and furthers Polen’s objective of delivering superior active returns to preserve and grow clients’ assets with offerings that meet the increased demand for sustainable income.
DDJ manages over $8.2 billion of assets across a range of investment strategies focused on the high yield bond and leveraged loan markets exclusively. Leveraging the Polen Capital platform, the DDJ investment team will become Polen’s fourth autonomous investment team maintaining ownership over its investment process and approach. David Breazzano will oversee the high yield investment team and will join Polen’s Operating Committee. The transaction is expected to close late in the fourth quarter of 2021, subject to the satisfaction of customary closing conditions.
Advisors
Colchester Partners LLC and KarVen LLC served as financial advisors and Greenberg Traurig LLP served as legal counsel to Polen Capital Management LLC.
Berkshire Global Advisors served as financial advisor and Goodwin Procter LLP served as legal counsel to DDJ Capital Management LLC.