Eldridge Industries in talks to buy Hayfin
Eldridge Industries is believed to be in advanced talks to buy European private credit firm Hayfin Capital Management for more than €1.2bn (£1.03bn).
According to Bloomberg, Eldridge – which is owned by US financier Todd Boehly – is among final bidders in talks to acquire Hayfin.
The acquisition would give Eldridge further access to the growing private credit market. As a holding company, Eldridge manages a diversified portfolio of firms, including six asset managers.
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These include mezzanine debt provider Maranon, alternative investor Hudson Structured, and alternative lender Stonebriar. In 2022, Eldridge sold private credit specialist CBAM to Carlyle Global Credit in a deal worth approximately $615m (£490.7m).
Hayfin specialises in European private credit deals, and holds assets under management of more than €31bn. Since it was founded in 2009, it has invested more than €41bn in over 500 companies through its private markets strategies.
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Last year, Hayfin raised more than €6bn for its largest fund – Hayfin Direct Lending Fund IV – which lends money to private companies.
The firm recently bolstered its private credit team with the appointment of BlackRock veteran Michaela Campbell as a managing director.
Read more: Hayfin bolsters private credit team