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M&A/IPOs

 

Audley and Elysian merge creating the UK’s largest retirement living group

UK retirement living groups Audley and Elysian are merging, creating the UK’s largest retirement living provider with a market share of around 20%. We spoke to Nick Sanderson, Audley’s Chief Executive, about the reasons for the merger, and the challenges and opportunities in the UK’s retirement village sector.

Bridgepoint strengthens UK dental market presence with mydentist acquisition

British private investment firm Bridgepoint has agreed to acquire a majority stake in mydentist, the UK’s largest dental group holding a 5% market share, from Palamon Capital Partners, a London-based private equity firm. CEO Nilesh Pandya and the existing management team will continue in their roles post-acquisition. 

Advent sells Donte to OTPP for €1bn

Donte Group (formerly Vitaldent), Spain’s largest dental chain, has been sold by US PE firm Advent to Canadian pension fund Ontario Teachers' Pension Plan (OTPP), for €1 billion. OTPP tells us the plan is to continue growing the group within the Spanish dental market organically, and work with Donte to consider “selective” M&A opportunities.

Aedifica shareholders back merger with Cofinimmo

Aedifica and Cofinimmo, two of Europe’s biggest listed healthcare-focused REITs, are one step closer to merging and becoming Europe’s largest healthcare real estate investor, after a majority of Aedifica’s shareholders gave their approval to the board’s proposal to acquire Cofinimmo.

UK CMA investigating Assura/PHP merger

The UK’s Competition and Markets Authority (CMA) is investigating the proposed merger between Assura and Primary Healthcare Properties (PHP), two listed UK REITs focused on primary care assets. 

Assura switches to favouring PHP merger over KKR buy-out

UK healthcare real estate investor Assura has changed its mind between the two suitors vying to acquire it. The REIT’s board is now recommending its shareholders accept a sweetened £1.79 billion (~€2.1 billion) offer from Primary Healthcare Properties (PHP), its main competitor as the only other UK healthcare REIT focused on primary care assets. This comes just two weeks after it said it was accepting a ‘final’ £1.7 billion (~€2 billion) cash offer from US PE firms KKR and Stonepeak.

Omega confirms it acquired 45 Four Seasons care homes

US healthcare REIT Omega Healthcare Investors has confirmed it was the acquirer of 45 of the final batch of 47 UK care homes that were sold earlier this year in the final stage of the years-long liquidation of Four Seasons, formerly the UK’s largest for-profit elderly care group.

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