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Haymarket Financial enters European financing markets

Haymarket Financial, a specialty lending platform, has launched into the European financing markets.   

Headquartered in London, HayFin is a privately owned, independent commercial lending institution funded by USD700m of permanent capital, led by TowerBrook Capital Partners.

Public Sector Pension Investment Board and Omers Private Equity have invested alongside TowerBrook.
HayFin’s core objective is to provide growth capital, acquisition capital and restructuring capital in order to address the financing gap faced by medium sized companies in the UK and Europe. HayFin also has a proprietary investment business and manages money on behalf of institutional clients.
In spite of recent improvements in European debt markets, the availability and supply of credit remains weak and the lending environment for mid-sized corporates continues to be challenging. As a result of pressure on banks to rebuild their balance sheets in the aftermath of the financial crisis, increased regulatory requirements and withdrawal of some market participants, HayFin believes that the supply of funding from established sources will be constrained for some time to come. Set against this weak supply, demand for credit remains high and is likely to increase in line with debt maturity profiles over the next five years.
Tim Flynn, chief executive officer of HayFin, says: “We are pleased to launch HayFin into the European lending market. We see an opportunity for us to help to bridge the significant financing gap faced by mid-sized corporates. HayFin is well positioned to address this gap between the supply of credit available to European businesses, particularly in the UK, and the demand for credit from our corporate clients.”
Ramez Sousou (pictured), co- chief executive of TowerBrook Capital Partners, adds: "HayFin is the culmination of many months work, putting together the perfect management team and the right business strategy to fill a real financing need created by structural change in the banking landscape. I am delighted that Hayfin has been launched today, and believe that, over time, it will become an important lending instutition for European SME’s."

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