M&A Deal Summary

Ramsay Acquires Affinity Health

On April 14, 2005, Ramsay acquired healthcare services company Affinity Health from Ironbridge Capital and CVC Capital Partners for 1.4B AUD

Acquisition Highlights
  • This is Ramsay’s 7th transaction in the Healthcare Services sector.
  • This is Ramsay’s 0th largest (disclosed) transaction.
  • This is Ramsay’s 7th transaction in Australia.

M&A Deal Summary
Date 2005-04-14
Target Affinity Health
Sector Healthcare Services
Buyer(s) Ramsay
Sellers(s) Ironbridge Capital
CVC Capital Partners
Deal Type Add-on Acquisition
Deal Value 1.4B AUD

Target

Affinity Health

Melbourne, Australia
website
Affinity Health Ltd. operates a network of hospitals and provides acute services, including general medical and surgical services, as well as cardiology and neurosurgery services.

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Buyer(S) 1

Buyer

Ramsay

Sydney, Australia

website

Category Company
Founded 1964
Sector Healthcare Services
Employees78,300
Revenue 11.9B AUD (2020)
DESCRIPTION

Ramsay engages in operating 120 hospitals and day surgery facilities across Australia, the United Kingdom, France, Indonesia and Malaysia.Ramsay Health Care facilities cater for a broad range of health care needs from day surgery procedures to highly complex surgery, as well as psychiatric care and rehabilitation. Ramsay was founded in 1964 and is based in Sydney, Australia.

DEAL STATS #
Overall 7 of 14
Sector (Healthcare Services) 7 of 14
Type (Add-on Acquisition) 4 of 7
Country (Australia) 7 of 8
Year (2005) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-02 Ellis Residential - Aged Care Facilities

Victoria, Australia

Ellis Residential - Aged Care Facilities include Bairnsdale Aged Care Facility, Lakeview Aged Care Facility, Paynesville Aged Care Facility and Sale Aged CareFacility, which together have a total 331 high care and low care places.

Buy $51M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-30 Groupe Proclif SAS

Paris,, France

Groupe Proclif is a french private hospital group operates healthcare facilities, which include Centre médical chirurgical et obstétrical d'Evry (CMCO) and Polyclinique Villeneuve-Saint-Georges (PVSG).

Buy -

Seller(S) 2

SELLER

Ironbridge Capital

Sydney, Australia

Investor Investor Investor

website

Category Private Equity Firm
Founded 2003
PE ASSETS 1.5B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Ironbridge Capital is a middle-market private equity firm that targets growth capital and buyout investments in Australia and New Zealand. Ironbridge focuses its investment activity within the services sector and targets businesses with the potential for strong and sustained growth in revenue and profitability. Ironbridge Capital was formed in 2003 and has offices in Sydney and Auckland.

DEAL STATS #
Overall 1 of 9
Sector (Healthcare Services) 1 of 2
Type (Add-on Acquisition) 1 of 6
Country (Australia) 1 of 6
Year (2005) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-13 Stardex Insurance Group Pty

Sydney, Australia

Stardex Insurance Group Pty Ltd is a provider of insurance service.

Buy $28M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-01 Barbeques Galore Pty

Homebush, Australia

Barbeques Galore (Aust) Pty Ltd. is a specialty retailer of barbeques and barbeque accessories.

Buy AU$88M
SELLER

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.

DEAL STATS #
Overall 42 of 171
Sector (Healthcare Services) 1 of 5
Type (Add-on Acquisition) 14 of 62
Country (Australia) 5 of 8
Year (2005) 8 of 17
Size (of disclosed) 25 of 53
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-12 Shearings Holidays

Wigan, United Kingdom

Shearings Holidays Ltd. is a specialising in escorted tours and operation of resort hotels. Shearings operates a fleet of 250 coaches and a chain of 50 resort hotels.

Sell £100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-15 Eastern Pacific Circuits

London, United Kingdom

Eastern Pacific Circuits Ltd. is a manufacturer of technologically advanced, multilayer printed circuit boards for use in sophisticated electronic equipment. Some of the principal markets served by the company include data communications and wireless telecommunications, high-end computing solutions and electronics testing.

Sell $120M
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