South Korea’s Shinhan Investment Corp. jointly with Sidney-based Quadrant Private Equity successfully completed 110 million Australian dollars ($85.6 million) worth debt sale for refinancing the acquisition of The Entertainment and Education Group (TEEG).

Owned by Quadrant, TEEG is Asia Pacific region’s largest entertainment center operator that runs bowling alleys and other indoor activity places across seven countries.

The latest acquisition financing deal involved selling down, or re-sale, of senior debts created for acquiring TEEG, according to Shinhan on Thursday.

Shinhan was an exclusive seller of Quadrant’s acquisition financing debts in Korea, which the Aussie firm syndicated to buy out TEEG, in late 2019.

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