The shortlist of interested parties considering purchasing our second largest retirement village operator, Aveo, get access to the Data Room this week to go over the numbers in detail.
The Australian Financial Review names two US private equity firms who specialise in ‘distressed assets’ being interested: Lone Star Funds (from Texas naturally) and Cerberus Capital (from New York naturally).
The AFR says Canada’s Brookfield has dropped out. Current 23% owner Mulpha would still be in.
The price would need to be $2 billion or more; August is the target date. The directors don’t have to sell of course.
