Advent International is in talks to secure a $300m leveraged buyout (LBO) loan to finance its acquisition of Ginko International’s mainland China operations.

The financing, expected to be denominated in Chinese yuan, is likely to have a tenure of five to seven years, with proceeds directed toward offshore expenses related to the deal, according to Bloomberg sources.

The discussions are ongoing, and the final terms of the loan could still change. Advent has declined to comment on the financing. If completed, the acquisition would mark another significant move in the region’s growing private equity landscape.

This transaction is part of a broader resurgence in LBO lending across Asia in 2025 as private equity firms capitalise on new opportunities. Other significant transactions include HongShan Capital Group’s bid for a $400m loan to acquire Sweden’s Marshall Group AB and Bain Capital’s efforts to raise a $341m facility to purchase Blackstone’s Singapore-based worker dormitory company, Avery Lodge.

Advent is reportedly in the final stages of acquiring Ginko’s China operations from EQT AB in a deal valued at over $1.1bn. Meet and hear more from EQT at the Swiss Private Equity Conference in June 2025.