Ansell Limited has launched a $400 million placement to buy Kimberly-Clark’s personal protective equipment business for $US640 million ($974 million), as flagged by Street Talk.
The company will split the acquisition financing into a $400 million placement, a $US377 bridge debt facility, and a $65 million share purchase plan. It comes after this column reported Goldman Sachs was crossing investors for the raising.
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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
