Mark, "the Kleinmanator", Kleinman of Sky News has just popped up with a decent story about a Toscafund whinge.
The fund, run by Martin "the Rottweiler" Hughes, has gone on the record (which is quite rare) to complain about Ramsay Health Care's 240p a share bid for private hospital operator Spire Healthcare. Below are the quotes from Toscafund and a link to Mark's tale:..
The Daily Mail's campaign against private equity industry clearly isn't putting off the buy-out barons from buying yet another UK-listed company...
Spire Healthcare has been on Betaville's radar since 2016. That's because the FTSE 250 hospitals group is often talked about as a potential takeover target for a variety of potential suitors, including Mediclinic...
Ping! An email arrives from a friendly market observer who has picked on the fact that Simon Rowlands, a senior advisor to private equity firm Cinven, has been buying shares in takeover target Spire Healthcare. I have pasted the link to today's RNS announcement below, which shows Rowlands paid around 218p a share for 114,000 shares:..
Well, that took a while - a year, in fact. Readers might recall that Betaville first raised the prospect of Mediclinic instructing bankers at Morgan Stanley to look at buying the remainder of Spire Healthcare that it didn't own around about this time last year (see below)...
I note Bloomberg earlier this week published a tale about Mediclinic taking a look at Amana Healthcare, a private medical-care provider in the United Arab Emirates. According to the newswire service, Amana has hired Bank of America Merrill Lynch to explore a sale that may value the company at $400 million...
It's a Monday, so here is the link to today's Tip TV session.
Mediclinic is preparing to bid for Spire Healthcare, the FTSE 250 company that was formed from the sale of BUPA hospitals.
According to excellent sources, Mediclinic is working with bankers from Morgan Stanley on the potential purchase of the remainder of Spire that it doesn't own (remember last year Mediclinic bought 29.9pc of Spire Healthcare for 360p a share)...