Raise a glass for Scape founders Craig Carracher and Stephen Gaitanos. Street Talk can reveal the duo have defeated Singaporean sovereign wealth gorilla GIC in the battle for $3 billion-plus retirement living operator Aveo.
It is understood that Canadian conglomerate Brookfield, which put Aveo on the auction block eight months ago via Morgan Stanley and Barrenjoey, last week granted Scape exclusivity following a frenetic final round of bidding.
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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
