Babson Capital closed its first direct investment in Australia today. The deal, which involves the purchase of Collins Foods Finance using mezzanine debt notes, was made by Babson Capital Australia, a wholly owned Babson subsidiary based in Sydney.
The investment is part of the refinancing of the acquisition of Collins Food Group's debt facilities. This will position the firm to pursue organic growth initiatives as well as strengthen its position in the Australian and Asian markets.
The deal was arranged by Babson Capital’s Asia Pacific investment team, led by managing director Mike Hermsen. The group focuses on mezzanine debt and equity securities and middle-market companies operating in the region.
“We look forward to pursuing similar mezzanine debt and private equity investment opportunities in the Asia Pacific region and continuing to build our presence in the market,” said Adam Wheeler, managing director of Babson Capital Australia.
Babson Capital is an investment management firm based in Springfield and Boston, Mass., and Charlotte, N.C.