Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

UPDATE 1-Carlyle, TPG to exit Australia's Healthscope with $612 mln stake sale-IFR

Published 23/11/2015, 11:12 pm
© Reuters.  UPDATE 1-Carlyle, TPG to exit Australia's Healthscope with $612 mln stake sale-IFR
GS
-
CG
-
HSO
-

(Adds Carlyle declined to comment, Goldman's role)

HONG KONG, Nov 23 (Reuters) - Private equity firms Carlyle Group LP CG.O and TPG Capital Management TPG.UL are selling their entire remaining stake in Australian healthcare operator Healthscope Ltd HSO.AX in a deal worth about $612 million, IFR reported on Monday, citing a source close to the deal.

Carlyle and TPG are offering 308.2 million shares at a fixed price of A$2.77 each, putting the total deal at about A$853.7 million ($612 million), added IFR, a Thomson Reuters publication. The stake accounts for 17.8 percent of Healthscope's shares.

TPG and Carlyle declined to comment on the stake sale.

Goldman Sachs (N:GS) is advising on the deal, IFR added. ($1 = 1.3935 Australian dollars)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.