Reuters logo
TPG, Carlyle set to raise $2.1 bln by pricing Australia Healthscope IPO at upper-end of range
July 24, 2014 / 7:30 AM / in 3 years

TPG, Carlyle set to raise $2.1 bln by pricing Australia Healthscope IPO at upper-end of range

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

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below