Estia Health’s share register has been blown wide open after its biggest shareholder Seven Group sold its blocking stake to end a six-year stay at the residential aged care operator.
As bankers go scouting for 2023’s M&A targets, and as private equity firms search for ways to spend their war chests, Seven Group has put Estia Health back on potential suitors’ radars by clearing out in a trade via Macquarie’s institutional equities desk at the end of last week.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
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
