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TPG offers to privatise Econ Healthcare at 33 cents per share

By The Edge Singapore

/ The Edge Singapore |

February 18, 2025 11:35 AM SGT

Shareholders may also opt to receive a cash and securities consideration of 22.4 cents and 32.1148 cents in Holdco shares. Photo: Econ Healthcare (Asia)

Econ Healthcare announced on Feb 14 that it had received a privatisation offer via a scheme of arrangement (SOA) from a special purpose vehicle (SPV) controlled by a TPG-affiliated fund.

The offer price is either a cash consideration of 33 cents per share or a cash and securities consideration of 22.4 cents and 32.1148 cents in Holdco shares. The Holdco is owned by the TPG fund.

According to the Econ Healthcare statement, the scheme presents at an attractive premium of approximately 20% over the last traded price on Jan 14 being the last full market day on which the shares were traded, prior to the release of the holding announcement by the company that it is in preliminary discussions regarding a possible transaction involving the shares; and a premium of approximately 33.6%, 42.9%, 48.6%, 52.1%, 54.9% and 48% over the volume weighted average price (VWAP) for the one-month, three-month, six-month, 12-month, two-year and three-year periods, respectively, up to and including Jan 14.

Read also: Private equity firms TPG, PAG selling shares in Cushman & Wakefield worth US$310.73 mil

Tags:

TPG Econ Healthcare

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