NewsBite

Street Talk

Meet the UK hedge fund emerging as Healthscope’s kingmaker

As Healthscope slides into receivership after nearly 18 months of high-stakes negotiations, it’s not local deals junkie David Di Pilla who is calling the shots but a secretive London-based hedge fund.

Street Talk can reveal Polus’ dealmakers are expected to land in Australia next week to meet with key decision makers at Healthscope, after cornering about $300 million of its $1.6 billion debt. That holding makes it one of Healthscope’s biggest lenders – miles ahead of rivals like Josh Friedman’s Canyon Partners which owns about $50 million to $100 million – and gives it considerable weight in the vote that would be needed to approve or block any asset sales from the receivership.

Loading...
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
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
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

Read More

Original URL: https://www.afr.com/street-talk/meet-the-uk-hedge-fund-emerging-as-healthscope-s-kingmaker-20250527-p5m2hj