Retirement living provider Ingenia is raising $175m through Goldman Sachs, Citi and Moelis.
Funds raised will be used to grow the company’s asset base, Ingenia said.
The company will raise $150m through a placement and $25m through a security purchase plan.
Of the placement, $135m is underwritten.
Shares are being sold at $3.45 each, a 6.5 per cent discount to their last closing price of $3.69.
The raise represents 18.5 per cent of Ingenia shares on issue.
Healthscope firmly in the sights of Bain
Bain Capital is closing in on its next big target struggling with too much debt – the country’s second-largest hospital operator Healthscope.
Incitec Pivot’s fertiliser price likely too high for some
Potential bidders have been given information about Incitec Pivot’s fertiliser unit, but the jury’s still out as to how much they will be prepared to pay..