Affinity Equity Partners has obtained a A$515 million ($336 million) leveraged loan from ING Bank to fund its purchase of Lumus Imaging, a division of Healius Ltd, an Australian medical diagnostic company.
This deal signifies a significant increase in buyout financing activity in Australia, indicating a renewed interest in leveraged buyouts.
The transaction is currently being syndicated, with ING Bank seeking commitments from additional financiers to support the deal. This highlights the growing momentum in the Australian market for private equity investments and leveraged financing.