Advent International is in talks to secure a $300m equivalent leveraged buyout (LBO) loan to support its acquisition of Ginko International’s mainland China operations, according to a report by Bloomberg citing unnamed sources familiar with the matter.
The financing, expected to be denominated in Chinese yuan, may carry a five-to-seven year tenure, with proceeds earmarked for offshore expenses tied to Advent’s takeover of Ginko’s China business, the sources said. Discussions with lenders are ongoing, and deal terms may still change. Advent declined to comment.
The deal is part of a broader resurgence in LBO lending across Asia in 2025 as private equity firms seek fresh opportunities. Other notable transactions include HongShan Capital Group’s pursuit of a $400m loan for its purchase of Sweden’s Marshall Group AB and Bain Capital’s efforts to raise a SGD460m ($341m) facility to acquire Blackstone’s Singapore-based worker dormitory firm, Avery Lodge.
Advent is reportedly in the final stages of acquiring Ginko’s China operations from EQT AB in a transaction valued at more than $1.1bn, according to Bloomberg.
