Bain Secures ~$300M Loan for Australian Wealth Unit Buy

Bain Capital has secured an A$430m loan, equivalent to approximately $300m, to finance its acquisition of Perpetual’s Australian wealth management unit. The financing is structured as a five-year leveraged loan.

The target business manages A$21.9bn in assets and serves high-net-worth individuals, not-for-profit organisations, and private businesses. The loan is being underwritten by a consortium of global banks and will be syndicated to a broader group of lenders.