International private equity firms Carlyle Group and TPG Capital are in a race to purchase Australia’s second-biggest private care home operator Regis Group, AltAssets reports. Macquarie Capital Alliance, the private equity division of Australian financial services company Macquarie, will be divesting its 46 percent holding in Regis as part of the estimated $720 million deal.
Regis’ founders hold the balance stake in the company. U.K. medical insurance giant Bupa is also understood to be interested in buying the company.
Click here for the story from AltAssets.