The Firm has successfully advised the lenders on the unitranche financing of TPG's acquisition of InvoCare, with a total debt package of AUD 895 million.
Baker McKenzie's lead partner, Alastair Gourlay commented: "Despite M&A activity continuing to be subdued, this financing is testament to the continued strong appetite in the Australian market to provide leverage finance to top-tier sponsors acquiring market leading businesses. The financing was oversubscribed, and was funded by a diverse set of credit funds and financial institutions with a presence in the Asia-Pacific region."
Alastair was assisted by a Banking & Finance team comprising Charlie Detmold, Dean Bao, Emily Tsoi and Taylor Owens, with M&A support provided by Rick Troiano, Yini Chong and Sarah Nouv.
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