Simpson Thacher is representing affiliates of KKR and Stonepeak in connection with the recommended cash offer to acquire the entire issued and to be issued share capital of FTSE 250 company Assura plc ("Assura"). The offer values Assura’s share capital at £1.6 billion on a fully diluted basis. The acquisition is expected to be implemented by way of scheme of arrangement, subject to the approval of Assura’s shareholders and receipt of regulatory clearances.
Assura is admitted to trading on the Main Market of the London Stock Exchange and the Johannesburg Stock Exchange. It is the UK's leading diversified healthcare real estate investment trust, specialising in the development, investment and management of primary care centres, hospitals and other specialist healthcare properties. Assura is the long-term property partner to more than 600 healthcare buildings and has a portfolio value of over £3.1 billion.
The Simpson Thacher team includes Amy Mahon, Clare Gaskell, Ciarán Cronin, Jewel Zhu, Matt Fowler, Beanka Chiang, Emily Fanning, Oliver Heighton, Steven Hood, Rob Williams, Rhona Luithle, Leo Hutchings and Julia Conzen (M&A); Deborah Gruen, Lina Zhou, Russell Reed, Ryan Brown, Zachary Krause and Jenna Barton (Funds); Claire Williams, Andrew Bechtel, Mark Nichol, Tom Lort, Lauren Bugler and Jennifer Falconer-Hall (Credit); Étienne Renaudeau, Josh Buckland, Henry Llewellyn, Luke Cowdell and Lina Kim (Antitrust); Sarah Lindley, Meredith Jones and Oliver Rosshandler (Tax).