HedgeCo.Net — Spire Healthcare Group agreed a recommended cash takeover by Tulip UK Bidco Limited, a newly formed vehicle backed by funds managed or advised by Toscafund Asset Management, Three Hills (THCP Advisory), and Ares Management. The cash offer is 250 pence per share, valuing Spire’s fully diluted equity at about £1.03 billion and implying an enterprise value of roughly £2.31 billion. Reuters’s London Stock Exchange reprint printed the Saturday agreement, the consortium composition, the...
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