Hayfin sale to Guggenheim stalls

TowerBrook left to consider options for its lending arm as sale looks unlikely to complete

The expected sale of TowerBrook Capital Partners’ lending arm to a US asset manager has stalled, according to people familiar with the matter.

New York and Chicago-based Guggenheim was the preferred bidder to acquire Hayfin Capital Management in a deal worth between £600 million and £700 million, but is unlikely to complete on the anticipated deal, according to two people familiar with the matter.

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