Corrs Chambers Westgarth, has provided counsel to mandated lead arrangers (MLAs) facilitating debt arrangements for Bain Capital’s proposed take-private acquisition of Estia Health Limited (ASX:EHE).
Estia Health, an aged care operator with a significant presence, has been pursued by private-equity giant Bain Capital for five months. The acquisition plan seeks to privatise Estia, one of Australia’s largest residential aged care providers operating over 70 homes across South Australia, Victoria, New South Wales, and Queensland, accommodating more than 8,000 residents annually.
The consortium of domestic Australian banks serves as MLAs to Bain Capital in this endeavour.
Headed by banking and finance partner John Mosley, Corrs Chambers Westgarth guided the MLAs in structuring the debt facilities required for the transaction. Collaborating with experts from various domains including partners Adam Foreman, Michael Catchpoole, Simon Mifsud, special counsel Caitlin Chiu, and associate Brittany Weir.
Commenting on the matter Mr Mosley said, “It was a pleasure to work on the debt facilities for such a significant transaction alongside the mandated lead arrangers and Bain Capital. The robust support for a major aged care acquisition in a tightly regulated sector is truly encouraging.”