WiseTech Banks Market APAC’s Largest M&A Loan of The Year

Lenders to Australian software developer WiseTech Global Ltd. are syndicating a $3 billion loan backing its acquisition of US-based supply chain software platform E2open Parent Holdings Inc, according to people familiar with the matter.

The loan is the largest M&A financing in the Asia Pacific region excluding Japan this year, according to data compiled by Bloomberg. The acquisition is the first major move by founder Richard White since he assumed the role of executive chairman in February following turmoil surrounding revelations about his private life that roiled the company’s stock.

A spokesperson for WiseTech declined to comment on the ...