CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Terra Firma Completes Leveraged Buyout Of Four Seasons

Terra Firma Completes Leveraged Buyout Of Four Seasons

by Phillip Morton, Investors Offshore.com

09 August 2012


Guy Hands' Guernsey-headquartered private equity firm, Terra Firma, has confirmed that it has acquired the UK's leading independent provider of health and social care, Four Seasons, for a total consideration of up to GBP825m (USD1.29bn).

Four Seasons Health Care operates 445 care homes and 61 hospitals and specialist units in the UK, the Isle of Man and Jersey, employing more than 30,000 staff and with more than 20,000 residents. Four Seasons has taken a sector lead in the development of specialist services for residents with higher dependency needs including nursing care for infirm elderly, respite, step-up and step-down care and an award winning specialist dementia service that is studied by care providers internationally.

The acquisition, which completed in July, is being financed through a mixture of equity and new debt, with the debt being arranged by Goldman Sachs and Barclays. UK law firm Slaughter and May provided lead English legal counsel while Cravath, Swaine and Moore advised on US financing issues. Meanwhile, Channel Islands law firm Carey Olsen advised Terra Firma on the Guernsey and Jersey legal aspects of the transaction.

TAGS: tax | investment | business | private equity | law | equity investment | international financial centres (IFC) | Guernsey | offshore | venture capital | services | business investment

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »