Sale of Craigcare Group to Bain Capital Credit
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.