Bain Capital has secured a A$430m loan, equivalent to approximately $300m, to finance its acquisition of Perpetual’s Australian wealth management unit, Bloomberg reported.

The five-year leveraged loan is being underwritten by a consortium of global banks and will be syndicated to a broader group of lenders, reflecting continued appetite for acquisition financing despite volatile market conditions.

The target business manages A$21.9bn in assets and provides services to high-net-worth individuals, not-for-profit organisations, and private businesses.

The transaction adds momentum to Australia’s leveraged finance market, where several large-scale deals are currently being arranged, including multi-billion-dollar facilities linked to energy and logistics acquisitions.

The deal comes amid broader pressures in global credit markets, with banks seeking to distribute M&A-related debt and investors closely monitoring private credit exposure.

The acquisition also follows Perpetual’s ongoing efforts to divest non-core assets as part of a broader restructuring strategy.

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