Antares Capital is considering making a bid to acquire European private credit rival Hayfin Capital Management, a combination that would create a major new operation in the space, according to a report by Bloomberg.
The report cites unnamed sources familiar with the matter as confirming that Antares, which is backed by CPP Investments and Northleaf Capital Partners, sees the acquisition of Hayfin as a route to expanding its European footprint.
Formal negotiations between the parties have yet to commence though and there’s is no certainty that a deal will proceed.
Antares had more than $64bn of capital under management and administration as of the end of June, while Hayfin, manages some €30bn ($32bn) of assets. Combined, the two firms would compare to larger real HPS Investment Partners, which oversaw about $104bn as of August.
