DD in France is something that Ramsay’s not been too excited about so far, and perhaps understandably so – KKR’s an investor in Sante’s rival Elsan.
But this time around, KKR’s understood to have warmed up Ramsay Sante’s second-largest shareholder, Predica, to the idea of it trawling through the books.
Bankers (including the ones that are not even on the deal) would be hoping KKR can get a peek, push the deal to the finishing line, and restore market confidence for big-ticket M&A.
Lastly, pie-maker Mrs Mac’s has called in KPMG to get its house in order; and PE types are hunting around for more trustee assets, with fingers pointing to Melbourne’s MSC Trustees.
Happy reading, Anthony Macdonald, Sarah Thompson and Kanika Sood Street Talk editors
There’s fresh hope on the horizon for a binding all cash bid at Ramsay Health Care, with KKR & Co renewing its push for due diligence on the hospital group’s French assets.
