General Atlantic Secures Private Loan for El Jannah Acquisition

General Atlantic has secured a private credit loan from Ares Management and Nomura to finance its acquisition of a stake in Australian chicken chain El Jannah. The loan is worth nearly A$300 million and is leveraged at mid-to-high four times earnings with a margin of about 500 basis points. The deal will help boost Australia's sluggish mergers and acquisitions market, which has seen deal volumes plunge 30% to $70 billion this year.