Australia’s second-largest aged care provider, Estia Health, has added nearly half a billion to its topline in the two years since it bolted from the ASX into Bain Capital’s stables.
That’s according to Estia’s inaugural relisting pitch, being delivered this week by chief executive officer Sean Bilton and chief financial officer Anthony Rice. The duo is fronting fund managers just as its PE overlords take Stonepeak through due diligence in a so-called “dual track” exit process where both options are on the table.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com