Announced
Financials
Tags
Public
Single Bidder
Health Care Facilities
New Zealand
retirement villages
Majority
Scheme
Friendly
Acquisition
Pending
Private Equity
Synopsis
EQT Partners agreed to acquire Metlifecare, New Zealand's retirement village provider, for $837m. The agreement comes after the termination of the previous c. $1bn offer. "We have always indicated that the Board of Metlifecare is open to engaging on any reasonable alternative proposal. We welcome receipt of APVG’s NBIO and intend to canvass shareholders on whether they prefer this alternative. While there remain a number of issues to resolve and there is no guarantee we will be able to reach agreement, we look forward to productive discussions with APVG," Kim Ellis, Metlifecare Chair.
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