Baker McKenzie has advised Carlyle Global Credit and its Australian JV partner amicaa on private credit financing to The Freedman Group, the parent company of RØDE. The financing will be used to support RØDE’s growth and international expansion, including funding its acquisition of Mackie, an international designer and manufacturer of pro-audio products. The transaction was arranged by funds managed by Carlyle’s Global Credit platform and amicaa, its Australian joint venture partner.
The financing was led by Baker McKenzie’s Private Credit and Leveraged Finance partner, Alastair Gourlay, who commented:
"We were delighted to assist Carlyle and amicaa on this transaction. It is an exciting time for private credit in Australia, which is now an increasingly important source of liquidity for borrowers in this challenging global financing environment. Our dedicated private credit practice works with local, regional and global private credit funds like Carlyle and amicaa and draws on our in-depth knowledge of the international leveraged finance markets."
Taj Sidhu, Head of European and Asian Private Credit at Carlyle and David Hoskins, Head of Private Debt at amicaa, commented:
“Through our Australia joint venture, we are excited to support RØDE, a multi-generational founder-owned business that has a relentless focus on innovation and quality, and we look forward to supporting the company in its next stage of growth. This transaction, which we believe represents one of the largest private credit deals in Australia in the past year, is a testament to the combined strengths of the deep local knowledge and relationships of amicaa and Carlyle’s Global Credit platform.”
Baker McKenzie's team was led by Alastair Gourlay, and included Dean Bao, Emily Tsoi, Taylor Owens and Jared Soh.
Carlyle Global Credit manages USD 150 billion in assets as of 30 September 2023. It is an active provider of private credit solutions across the capital structure, including senior secured loans, unitranche loans, and junior debt.
The financing was led by Baker McKenzie’s Private Credit and Leveraged Finance partner, Alastair Gourlay, who commented:
"We were delighted to assist Carlyle and amicaa on this transaction. It is an exciting time for private credit in Australia, which is now an increasingly important source of liquidity for borrowers in this challenging global financing environment. Our dedicated private credit practice works with local, regional and global private credit funds like Carlyle and amicaa and draws on our in-depth knowledge of the international leveraged finance markets."
Taj Sidhu, Head of European and Asian Private Credit at Carlyle and David Hoskins, Head of Private Debt at amicaa, commented:
“Through our Australia joint venture, we are excited to support RØDE, a multi-generational founder-owned business that has a relentless focus on innovation and quality, and we look forward to supporting the company in its next stage of growth. This transaction, which we believe represents one of the largest private credit deals in Australia in the past year, is a testament to the combined strengths of the deep local knowledge and relationships of amicaa and Carlyle’s Global Credit platform.”
Baker McKenzie's team was led by Alastair Gourlay, and included Dean Bao, Emily Tsoi, Taylor Owens and Jared Soh.
Carlyle Global Credit manages USD 150 billion in assets as of 30 September 2023. It is an active provider of private credit solutions across the capital structure, including senior secured loans, unitranche loans, and junior debt.
Explore Our Newsroom