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Carlyle, TPG hire banks to manage Healthscope sale

11 Feb 2014

australian flagPrivate equity-backed private hospital operator Healthscope has reportedly hired two banks to manage a sale of the company.

Macquarie and UBS will act as global coordinators for the sale of the company, which is backed by Carlyle and TPG Capital, said Bloomberg, citing four people with knowledge of the matter.

Goldman Sachs, Credit Suisse and Bank of America will be joint lead managers, while Morgan Stanley and CIMB may be involved as co-lead managers, according to the sources.

It was previously reported that Carlyle and TPG asked banks to submit proposals for exiting the company via an IPO or a sale.

A deal will involve splitting the operating company from the hospital properties and selling them separately, said the report.

The company could be valued at A$4bn ($3.6bn) and its owners have yet to make a final decision on which exit route to take, according to the people.

The two private equity firms bought Healthscope in July 2010 in a deal that valued the company at A$2.7bn ($2.35bn).

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