David Di Pilla’s HMC Capital snuck out of Healthscope’s circa $1.6 billion debt stack on Friday evening, in what appears to be the final nail in the coffin for its much-publicised bid to acquire the flailing private hospitals giant.
Street Talk can reveal HMC sold its slice of Healthscope loans via Bank of America, which doled out portions to distressed debt investors such as California-headquartered Canyon Partners, Paul Singer’s Elliott Management and London’s Polus Capital.
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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
