A group of companies led by KKR & Co has submitted a bid of almost $ 15 billion for the acquisition of Ramsay Health Care, underlining the current disposition of the acquisition funds, for the acquisition of assets in the health sector, sending the shares of the Australian company up 30 %.
If the acquisition succeeds, it will be the largest Australian company by a private equity company, and will be the largest deal in Australia this year, almost doubling the activity.
Ramsay emphasizes in a statement that it will provide stakeholders with a need on a non-exclusive basis and that discussions are at a preliminary stage.
The non-binding proposal comes as historically low interest rates push private equity companies and pension funds with ample liquidity to invest in healthcare and infrastructure assets.
The offer of A $ 88 cash, worth A $ 20.05 billion (US $ 14.8 billion), equals a premium of 37% compared to the closure of Ramsay on Tuesday, to A $ 64.40.
The deal’s business value is estimated at A $ 28 billion, including debt.
Source: Capital
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