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Ramsay Health Care advised on 2 moves

King & Wood Mallesons has advised on Ramsay Health Care’s recent block trade and restructure of the Paul Ramsay Foundation.

September 30, 2019 • By Emma Musgrave
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David Friedlander
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Firm: King & Wood Mallesons (Paul Ramsay Holdings)

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Deal: Paul Ramsay Holdings has been advised on the successful block trade of 22 million ordinary shares in Ramsay Health Care Limited valued at $1.36 billion. KWM also advised the Paul Ramsay Foundation (Foundation) on a restructuring of the foundation.

 
 

Area: Corporate

Key players: The KWM team advising on the transaction was led by partner, David Friedlander with assistance from senior associates, Anthony Boogert and Jo Ruitenburg and solicitor, Henry Sit.

Deal significance: According to a statement from KWM, settlement occurred on 19 September, with the shares sold to institutional investors for $61.80 via an underwritten book build.

Paul Ramsay Holdings divested 10.9 per cent of its interest in Ramsay Health Care, maintaining a holding in the country’s second largest private hospital operator of 21 per cent, the firm noted.

Commenting on the transaction, Mr Friedlander said: “We are pleased to have advised the Paul Ramsay Holdings on this significant trade, the proceeds from which will allow the Paul Ramsay Foundation to diversify and focus on alternative investment options.”

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Emma Musgrave

Emma Musgrave

Author

Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.

Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences. 

Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.

She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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