At least four parties lobbed non-binding indicative bids by last week’s deadline.
The waiting room at Queensland-headquartered Cura Day Hospitals is thick with dealmakers from buyout firms and their comrades at core-plus infrastructure funds.Street Talk can reveal at least four suitors lobbed non-binding indicative bids to sell-side adviser Citi by last Thursday’s deadline. The business makes $40 million a year at the earnings line and is slated to spell a $500 million-plus payday for owner, Germany’s Fresenius.
Pacific Equity Partners is sizing up Cura as a potential bolt-on acquisition or merger partner for its Healthe Care portfolio of hospitals and day surgeries, which it acquired for aboutOf some note, managing director Shannon Wolfers is running point on the deal and will cut the cheque from PEP’s buyout fund – rather than the Secure Assets Funds.
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