Virtus Health

Virtus Health (VRT AU): CapVest's Bid Edges BGH Capital

Event-Driven
182 Views, 20 Jan 2022 14:46
EXECUTIVE SUMMARY
  • UK-Based CapVest Partners is offering A$7.60/share, in cash, for Virtus Health (VRT AU), compared to BGH Capital's bid last month of A$7.10/share. Virtus has granted exclusive due diligence. 
  • CapVest's Offer is non-binding. No doubt due to BGH holding 20% of shares out, CapVest will concurrently run an alternate off-market bid with a 50.1% acceptance condition at A$7.50/share. 
  • At a ~5% spread to the indicative Scheme terms, I would look to get involved. 
detail (6-minute read)
WHAT’S TRENDING
logo
Logo
Top 5%
David Blennerhassett
Pan-Asia Catalysts/Events
Quiddity Advisors
EquitiesEvent-Driven

HK Type 4 license through Ballingal Investment Advisors Ltd. I'm a highly experienced sell-side analyst with in excess... 

x