London-based credit platform Hayfin Capital Management has agreed to acquire Kingsland Capital Management LLC for undisclosed financial terms, according to a news release posted on THE PE HUB NETWORK.
The transaction opens the U.S. collateralized loan obligation, or CLO, market to Hayfin Capital and expands the company's syndicated loan and high yield credit offering to investors. The acquisition will also boost the European company's assets under management.
After the transaction closes, Kingsland Capital will operate as a wholly owned subsidiary of Hayfin Capital. Kingsland Capital's team of eight investment professionals will continue managing the company's active CLOs.
Hayfin Capital will infuse Kingsland Capital with funds needed to satisfy risk retention regulations and expand its presence in the U.S. market through new issuance.
GreensLedge has advised Hayfin Capital in the transaction.
