Herbert Smith Freehills has advised Maia Financial on the establishment of a new A$100,000,000 specialised fund that will allow Maia Financial to provide its Australian and New Zealand clients with an alternative source of asset finance.
Maia Financial is a privately-owned, non-bank lender, whose flexible funding base enables innovative solutions for businesses and government entities across Australia and New Zealand. The new asset finance fund received a strategic investment from KKR.
The Herbert Smith Freehills team was led by partner John Angus and supported by a core team consisting of executive counsel Vinh Huynh, senior associate James Myint and solicitor Peter Ip.
Mr Angus said, “We are delighted to have supported Maia Financial once again on this milestone transaction for its business. This was a complex deal and the great result showcases Maia Financial’s innovation and flexibility when providing solutions to address its clients’ needs, KKR’s collaborative support for growing businesses and HSF’s strong structured and asset finance capability.”
“We look forward to continuing to work with Maia Financial as it continues to grow its business,” he said.
Maia Financial said the investment comes at an ideal time for the economy as it supports business growth, and that this new approach to funding assets has the potential to unlock capital that would otherwise be unavailable and allow businesses to grow.
With the backing of KKR and support of Herbert Smith Freehills, Maia Financial has been able to deliver a true alternative for asset-backed finance. By further supplementing its access to global capital pools Maia Financial is able to tailor flexible solutions for business.