Sidley is advising the existing consortium of institutional shareholders including TowerBrook Capital Partners L.P. and certain of its affiliated funds on the sale of its interest in Hayfin Capital Management (Hayfin) to the British Columbia Investment Management Corporation (bcIMC). bcIMC, a Canadian investment manager with approximately CAD$122 billion in assets, will acquire 100 percent of the shares owned by such consortium. The deal will be completed once a number of outstanding conditions have been satisfied, including certain regulatory approvals.
Hayfin, which was established in 2009, is a leading European specialty credit platform with €8.2 billion in assets under management. Headquartered in London, Hayfin has offices located in Amsterdam, Paris, Madrid, Luxembourg, Frankfurt and New York.
The London-based Sidley Private Equity team included partners Christian Iwasko, Fatema Orjela and Oliver Currall and associates Adam Runcorn, Chris Buck and Laurence Wilcock. The team also included partners Patrick Harrison (Competition) and Leonard Ng (Financial Regulation) and associate Oliver Lewis (Financial Regulation).