TPG, Carlyle set to raise $2.1 bln by pricing Australia Healthscope IPO at upper-end of range
SYDNEY, July 24
SYDNEY, July 24 (Reuters) - Private equity giants TPG Capital Management Ltd and Carlyle Group LP will price shares in Australian hospital company Healthscope Ltd at A$2.10 ($1.98) each, the upper end of the target range, a person familiar with the sale told Reuters.
The pricing means the private equity funds would gain A$2.25 billion ($2.12 billion) by selling down their stake in Healthscope Ltd IPO-HSL.AX via an initial public offering. The target range for the shares was set at A$1.76 to A$2.29 per share.
($1 = 1.0600 Australian Dollars) ($1 = 1.0597 Australian Dollars) (Reporting by Byron Kaye; Editing by Miral Fahmy)