A consortium led by KKR & Co. has reaffirmed its takeover offer for Australian private hospitals operator Ramsay Health Care Ltd., according to people familiar with the matter.
The private equity firm and its partners submitted confirmation last week of the A$20.1 billion ($14 billion) indicative offer, one of the people said, asking not to be identified as the information is private. KKR’s group expects to continue due diligence and could submit a binding bid as soon as in the coming weeks, the people said.
The offer comes amid concern about the outlook for dealmaking as global markets slump. Private equity firm CVC Capital Partners walked away on Tuesday from a potential bid for Australian pallet-shipping business Brambles, worth about A$15.4 billion.
Read more: BNN Bloomberg
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