Craigcare Group

Sale of Craigcare Group to Bain Capital Credit

March 2017

In February 2017, it was announced that Bain Capital Credit, part of Bain Capital, had entered into an agreement to buy 100% of the WA-based aged care service provider, Craigcare Group Pty Ltd (“Craigcare”).

Craigcare has been a family run business for more than 44 years providing quality aged care services for over 580 residents in Western Australia and Victoria.

The transaction completed on 1 March 2017.

Azure advised Craigcare on all aspects of the transaction including valuation and strategic advice, structuring, coordination of due diligence and negotiation of the relevant transaction agreements.