Good evening,

Ramsay Health Care stole the M&A show on Wednesday with a $3.7 billion deal to double its presence in the UK.

Ramsay has agreed on the terms to acquire Spire Healthcare, which has 39 private hospitals, eight clinics and serves 261,000 patients a year, and will create what it told shareholders would be the leading private healthcare services provider in the UK.

It’s a bold move by the group, and is to be fully funded with existing debt.

In Street Talk, we take a look at who’s leading the race for AMP Capital’s $7 billion office fund, and have spotted some bankers at bombed-out card payments group EML.

Separately, we have some early bidders at One Rail Australia and a list of block trade candidates keeping equity capital market bankers busy.

Happy reading

Sarah Thompson, Anthony Macdonald and Tim Boyd
Street Talk Editors