More than 30 sharks had been circling Abano before BGH's $5.70 offer

More than 30 sharks had been circling Abano before BGH's $5.70 offer
Jenny Ruth
Abano Healthcare's board identified and attracted interest from more than 30 parties before agreeing to back a takeover via a scheme of arrangement by private equity firm BGH Capital and the Ontario Teachers' Pension Plan Board. Independent valuer KordaMentha said the $5.70 per share offer, which values Abano at $149.8 million, is above the mid-point of its $5.29 to $5.92 valuation and "unless a superior proposal is forthcoming, the positives of approving the scheme outweigh the negatives." Abano's directors are unanimously recommending t...

More Services

Anna Scott joining Mercer
Markets

Anna Scott joining Mercer

Former Smart boss will replace current Mercer chief executive Martin Lewington.

Staff reporters 03 Jul 2025
Aussie fund manager Shaws buys Devon Funds
Finance

Aussie fund manager Shaws buys Devon Funds

The deal is the latest tie-up between Australian and NZ funds managers.

Staff reporters 24 Jun 2025
Buy NZ Made's new service trademark sets high bar
Services

Buy NZ Made's new service trademark sets high bar

One certified business says it sets it apart from multinational competitors.

John Anthony 23 Jun 2025
Reel pain: Strikes hit NZ cinemas, profits dive
Services

Reel pain: Strikes hit NZ cinemas, profits dive

Cinema chains in NZ face box office suspense.

Victoria Young 28 May 2025