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Freehills advises Ramsay Health Care on its $260m capital raising
Deal summary: Freehills is advising Ramsay Health Care on its underwritten institutional placement to raise approximately $220 million and a non-underwritten Share Purchase Plan (SPP) to raise…
Lawyers Weekly
Deal summary:
Goldman Sachs JBWere is acting as sole Lead Manager, Bookrunner and Underwriter to the Ramsay institutional placement.
Ramsay Health Care is Australia's largest private hospital operator, and globally operates over 100 hospitals and day surgery facilities across Australia, the United Kingdom and Indonesia.
Key players:
The Freehills team was led by partner Tony Sparks and supported by senior associate Faith Sing, solicitor Steve Drummond and lawyer Malika Chandrasegaran.
Commentary:
Freehills partner Tony Sparks said, 'This offer is yet another recent example of issuers raising capital in more positive circumstances to fund future growth opportunities. It is particularly notable to see healthcare companies starting to access equity capital again given how well that sector has performed during the GFC'.
