A substantial investor in Australias largest private village operator, RetireAustralia, is Americas J.P. Morgan Chase bank. The investment is through its Hong Kong based fund Global Special Opportunities Group which has US$2.1B under management. New US banking laws that limit what they can invest in, especially the Volker rule, are about to come into effect. Four American private equity funds have been shortlisted to negotiate with. The sale is not expected to affect RetireAustralia. J.P. Morgan bought the original shares from AMP Capital
Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania
Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...