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BCI sells majority stake in Hayfin to Arctos Partners | Fintech InShorts: Latest fintech news, analysis by experts

BCI sells majority stake in Hayfin to Arctos Partners

BankingBusinessFinTech

Less than 1 min.Read

BCI sells majority stake in Hayfin to Arctos Partners

August 4, 2024

BCI to Sell Majority Stake in Hayfin Capital Management to Arctos Partners

Key Points:

Sale Agreement:
- British Columbia Investment Management Corporation (BCI) has agreed to sell its majority stake in Hayfin Capital Management, a UK-based alternative asset management platform, to private investment firm Arctos Partners.
Management Buyout Support:
- Hayfin has entered into an agreement with Arctos Partners to support a management buyout, aiming for greater team ownership, alignment, and incentivization.
Arctos Keystone’s Role:
- Arctos Keystone, a division of Arctos Partners, has fully underwritten the funding, allowing the Hayfin team to become majority owners of the common equity.
BCI’s Continued Involvement:
- BCI will remain a strategic limited partner in certain Hayfin funds, even after the sale.
Company Background and Growth:
- Founded in 2009, Hayfin specializes in direct lending, high-yield credit, distressed investments, and private equity. The platform has invested over €45 billion to date.
- Under BCI’s ownership since 2017, Hayfin’s assets under management have grown from €8 billion to over €31 billion.
Expected Deal Closure:
- The transaction is expected to close in Q4 2024, pending regulatory approval

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