Private Credit Firm Antares Eyes M&A in Europe to Gain Scale (1)

Antares Capital, a US-based private credit firm overseeing more than $60 billion in assets, is considering a potential acquisition in Europe as part of its growth strategy.

“We are constantly evaluating Europe,” Tim Lyne, the direct lender’s chief executive officer, told the Bloomberg Intelligence Credit Edge podcast. “At some point in order to scale, we’d probably need to do an acquisition.”

Last year, the CPP Investments and Northleaf Capital Partners-backed Antares was weighing an acquisition of Hayfin Capital Management to quickly expand its European footprint. Hayfin ended up doing a management buyout instead.

“I don’t want to ...