Jefferies-advised AusSuper drops back in Ramsay Health Care talks

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AustralianSuper’s understood to have dropped out of talks with Ramsay Health Care suitor KKR & Co, moving on to other co-investment and real estate opportunities.

Co, moving on to other potential co-investment and real estate opportunities.

KKR is thinking about options for Ramsay’s property assets as part of its $88 a share bid for the group.AustralianSuper was one of the deep-pocketed funds that was eyeing a stake in Ramsay and/or its properties, with a particular interest in the latter should KKR go down the OpCo/PropCo structure. Sources said AustralianSuper was heavily involved a few weeks ago, tapping Jefferies for help with the talks. However, it’s understood to have fallen away, unable to agree on a price with KKR.The discussions come nearly three weeks after KKR and Ramsay confirmed their takeover talks, with the pThe talks are understood to remain ongoing.

Ramsay shares have drifted below the $80 mark in the past week, for the first time since KKR’s indicative offer was confirmed. co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.

 

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