bcIMC to acquire European credit business Hayfin from PE owners

Hayfin Capital Management LLP, a European private debt investment firm, has agreed to be acquired by British Columbia Investment Management Corp (bcIMC). No financial terms were disclosed, however, Sky News reported the deal's value to be about £215 million (US$268 million). The Canadian pension fund bought a majority stake in Hayfin from the company's founding shareholders: TowerBrook Capital Partners, PSP Investments, Ontario Municipal Employees Retirement System (OMERS) and Future Fund. London-based Hayfin, established in 2009, said bcIMC will commit "significant capital" to its managed funds and support its long-term growth.

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