The management buyout of Hayfin Capital Management has completed, marking a “new chapter” for the alternative asset manager.
Sports investment firm Arctos Partners has acquired British Columbia Investment Management Corporation’s majority stake for an undisclosed amount.
Arctos has underwritten 100 percent of the funding and will facilitate the Hayfin team becoming the majority owners of the common equity.
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Hayfin manages around €33bn (£27.5bn) of assets across its private debt, liquid credit, and private equity solutions businesses.
Arctos is a private investment firm that provides funding to sports franchises via its Arctos Sports division, and to alternative asset managers, their funds, and portfolio companies via Arctos Keystone.
Rumours of the buyout were first confirmed by the companies in July last year.
“We are excited to partner with Arctos as we continue to enhance our offerings for investors, borrowers, and sponsors,” said Tim Flynn, co-founder and chief executive at Hayfin.
“With a shared commitment to investment approach and values, our firms are well positioned to collaborate and seize the vast opportunity set we see for the benefit of our investors. This marks the beginning of an exciting new chapter for Hayfin, as we continue to expand and evolve in a rapidly changing market.”
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Ian Charles, co-founder and managing partner at Arctos, said: “We are partnering with Hayfin, Europe’s premier private credit platform, at a pivotal moment in their growth trajectory.
“Together, our partnership positions Hayfin to accelerate its strategic growth ambitions, drive innovation across its platform, and bring more ownership and alignment to Hayfin’s leadership team.”
