Bankers circle Heart Care buy-out as bidding round closes

I-Med Network, the Australian radiology company owned by CVC Capital Partners, was set to close the first round of bidding on Tuesday for its 75% stake in Heart Care Group, providing a rare burst of activity in the Australian leveraged finance market.

  • 10 Mar 2009

Private equity firms that are circling the cardiovascular care specialist include Ironbridge Capital, Pacific Equity Partners and Gresham Private Equity. The sale is supported by an unusual A$130m three year stapled finance that is provided by ANZ, Bank of Scotland National Australia Bank and Westpac.

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