A proposed deal between Allied Capital and its asset management subsidiary, Callidus Capital Management, to buy Katonah Capital Management was called off. The transaction was worth a reported $40 million for Katonah's parent company, Kohlberg & Co. The letter of intent was terminated following the departure of Joyce DeLucca and several other employees to set up Kingsland Capital. [In January of this year, Katonah was preparing to enter the middle market and is interviewing another portfolio manager].
One Year Ago In The Credit Markets
