Bain Gets Nearly $300 Million Loan for Australia Wealth Unit M&A

US buyout giant Bain Capital LP secured a A$430 million ($299 million) leveraged loan to back its purchase of the Australian wealth management unit of Perpetual Ltd., according to people familiar with the matter, adding momentum to the nation’s acquisition finance market.

A consortium of banks is underwriting the five-year loan, the people said, who asked not to be identified discussing private matters. The facility will be syndicated to a broader group of lenders, they added.