Pacific Equity Partners to buy controlling stake in private hospital operator Evolution

Tue, 25 Sep 2018

By Paul McBeth Sept. 25 (BusinessDesk) - Pacific Equity Partners will buy a controlling stake in New Zealand private hospital operator Evolution Healthcare for an undisclosed sum. The Australian private equity firm has agreed to buy a majority position in Evolution from institutional investors including Roc Partners, a Goldman Sachs fund, Qantas Superannuation, VicSuper and CBUS. That leaves Evolution's founding managers as the minority partners with PEP. The deal is subject to various approvals and is expected to be completed early next...

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