M&A Deal Summary

Ontario Teachers Pension Plan and BGH Capital Acquire Abano Healthcare Group

On December 22, 2020, pension Ontario Teachers Pension Plan and private equity firm BGH Capital acquired healthcare services company Abano Healthcare Group for 140M NZD

Acquisition Highlights
  • This is Ontario Teachers Pension Plan’s 8th and BGH Capital’s 2nd transaction in the Healthcare Services sector.
  • This is Ontario Teachers Pension Plan’s 34th and BGH Capital’s 6th largest (disclosed) transaction.
  • This is Ontario Teachers Pension Plan’s 6th and BGH Capital’s 4th transaction in Australia.

M&A Deal Summary

Date 2020-12-22
Target Abano Healthcare Group
Sector Healthcare Services
Buyer(s) Ontario Teachers Pension Plan
BGH Capital
Deal Type Going Private
Deal Value 140M NZD
Advisor(s) Cameron Partners Ltd. (Financial)

Target

Abano Healthcare Group

Malvern East, Australia
Abano Healthcare Group is a operator of healthcare and medical services businesses located in New Zealand, Australia and Asia. Abano Healthcare Group was founded in 1999 and is based in Malvern East, Australia.

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Buyer(S) 2

Buyer

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Pension
Founded 1990
PE ASSETS 242.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.


DEAL STATS #
Overall 144 of 175
Sector (Healthcare Services) 8 of 10
Type (Going Private) 6 of 7
Country (Australia) 6 of 9
Year (2020) 13 of 15
Size (of disclosed) 34 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-17 Verily

San Francisco, California, United States

Verily develops tools and devices to collect, organize and activate health data, and creates interventions to prevent and manage disease. Verily is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-24 Società Gasdotti Italia

Frosinone, Italy

Società Gasdotti Italia is the largest independent gas transmission operator in Italy, with a 1,700-kilometre high-pressure pipeline network transporting natural gas to key industrial and urban centers. Società Gasdotti Italia is based in Frosinone, Italy.

Buy -
Buyer

BGH Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2017
PE ASSETS 2.6B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

BGH Capital is a private equity firm that partners with entrepreneurs and management teams in Australia and New Zealand to build strong, sustainable, market-leading businesses. The Firm pursues mid-market companies and does not have any sector preferences. BGH Capital was formed in 2017 and is headquartered in Melbourne.


DEAL STATS #
Overall 4 of 8
Sector (Healthcare Services) 2 of 3
Type (Going Private) 2 of 4
Country (Australia) 4 of 7
Year (2020) 3 of 3
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-06 Village Roadshow

South Yarra, Australia

Village Roadshow is a diversified entertainment industry. It provides them parks and film production and distribution divisions. Village Roadshow was founded in 1954 and is based in South Yarra, Australia.

Buy $548M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-10 Hazeldene’s

Victoria, Australia

Hazeldene’s is a vertically integrated producer, with a network of farms, hatcheries and processing facilities at more than 50 sites across Victoria. It supplies both branded and private label chicken products to a variety of blue-chip retail and wholesale customers, including all major supermarket chains. Hazeldene’s was founded in 1957 and is based in Victoria, Australia.

Buy -