Street Talk

PEP bankers up for aged care giant Opal HealthCare; lobs bid

Sarah Thompson, Kanika Sood and Emma Rapaport

Sep 20, 2024 – 5.00am

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Australia’s largest residential aged care provider Opal HealthCare has found itself a motivated core-plus infrastructure buyer as non-binding bids land in the hands of sell-side adviser Morgan Stanley.

Paul Foster, formerly the head of ANZ infrastructure at AMP Capital is now an MD at PEP and spearheading the tilt.

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.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.