Gilbert + Tobin has advised two global private equity firms, The Carlyle Group (Carlyle) and TPG Capital (TPG), on the financing aspects - and Carlyle separately on the corporate aspects - relating to its $2.7 billion acquisition of Healthscope, one of Australia's largest private health care providers.
Banking and finance partner John Schembri led the transaction on the financing aspects and was assisted by lawyers Adrian Chiodo and Gail Christopher.
The transaction involved arranging both secured senior debt and secured subordinated debt and was valued at close to $3 billion.
"This transaction shows that bank appetite for high quality private equity transactions has returned," said Schembri.
Corporate partner Peter Cook, Carlyle relationship partner Bryan Pointon, and lawyers Rachael Bassil and Hiroshi Narushima advised Carlyle on the corporate aspects of the transaction, including consortium and shareholder arrangements, equity structuring and scheme implementation.
Freehills is the M&A advisor toSponsors and Minter Ellison acts for Healthscope.