Other acquisition news – ING and Japara

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ING Real Estate Community Living CEO (and RVA President) Simon Owen is in New York this week believed to be negotiating financial support for a restructuring of the remaining ING village assets here in Australia. Owen has turned around the loss making ING investment trust, with existing unit holders openly calling for his team to set up a new management group independent of ING. It looks likely to happen given veteran corporate raider Sir Ron Brierly has been buying units fast.
Aged care providor Japara is still deadlocked after 12 months in its $400+ million sale to US private equity firm Blackstone. They both want to do a deal but can’t agree on the price.