Quadrant set for partial exit via Estia Health’s $726m IPO
Quadrant Private Equity will exit as much as half of its stake in Estia Health as the Australian aged care provider seeks to raise up to A$834 million ($726 million) through an IPO. The private equity firm bought the business in October 2013.
Estia will sell 75.9-146.8 million shares at A$5.17-6.96 apiece, according to a prospectus. Assuming the offering prices at the mid-point of the indicative range and the selling shareholders exit 25% of...
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