Mater Private’s €300 Million Debt Refinancing Led By Macquarie

The owners of the Mater Private hospital, who recently pulled a sale of the business for the second time in 14 months, have secured a €300 million refinancing deal led by Australian bank Macquarie. The Sydney-based bank’s Macquarie Lending unit in London said it acted as lead arranger and finance partner for the hospital group. The transaction will refinance the Mater Private’s existing debt and includes a “tailored” capital expenditure facility to support growth and development of the hospital, it said. The Irish Times reported last month that the hospital’s majority owner, CapVest, a London-based venture capital firm led by Irishman Seamus Fitzpatrick, decided to put a sale of the business on ice and refinance its loans. CapVest, which owns a 51 per cent stake in the company, came close to selling its interest to German publicly-quoted healthcare giant Fresenius in April at a price tag of about €500 million. Read more. (Subscription required.)