Posted Jul 25, 2022, 7:00 AMUpdated on Jul 25, 2022 at 8:03 am
It’s David versus Goliath. With, in the role of David, the French leader of private hospitals, Ramsay Santé. Its future will depend on the outcome of the ongoing standoff with its parent company and one of the world’s leading investment funds, KKR. A growing cohort of advisory banks are working to find a way out quickly.
Because for the American Goliath KKR, which manages 479 billion dollars and which is a candidate for the takeover of the entire Ramsay group on a global scale, the small French (4 billion euros in turnover) has become the grain of sand blocking his great maneuvers. The objective is for it to come out of the picture, especially since with the rise in rates, the cost of the operation increases. All options are on the table.
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