Lloyds sells Australia loan portfolio to Bain credit affiliate
Bain Capital credit affiliate Sankaty Advisors has agreed to pay Lloyds Banking Group A$371 million ($335 million) for loans held by BOS International Australia. It is the latest in a series of divestments from the BOS loan portfolio after KKR and Allegro Funds picked up a portion towards the end of last year.
It was previously reported that KKR, Macquarie and Oaktree Capital were among the shortlisted bidders for the portfolio. The sale comes as Lloyds prepares to exit the Australian financial sector, part...
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