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Scuppered Ebos deal ‘disappointing’, ‘a real shame’ 

Although one market source suggests the terms were ‘stretchy’ at best.

Key points
  • What's at stake: Ebos had been in a trading halt since last Thursday following speculation it was eyeing the acquisition of pets and vets business Greencross.
  • Background: Private equity firm TPG took Greencross private in 2019 at A$5.55 a share and later sold a 45% stake to AustralianSuper and The Healthcare of Ontario Pension Plan in early 2022 in a deal that valued that company at more than A$3.5 billion. 
  • Main players: Ebos, Greencross, AustralianSuper, The Healthcare of Ontario Pension Plan, Matt Goodson, Greg Smith, NZX.

The last-minute collapse of a potential multi-billion-dollar acquisition by dual-listed healthcare product company Ebos has been labelled “disappointing” and a “real shame” for New Zealand’s capital market.

Last Thursday, Ebos went into a trading halt after the Australian Financial

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Key points
  • What's at stake: Ebos had been in a trading halt since last Thursday following speculation it was eyeing the acquisition of pets and vets business Greencross.
  • Background: Private equity firm TPG took Greencross private in 2019 at A$5.55 a share and later sold a 45% stake to AustralianSuper and The Healthcare of Ontario Pension Plan in early 2022 in a deal that valued that company at more than A$3.5 billion. 
  • Main players: Ebos, Greencross, AustralianSuper, The Healthcare of Ontario Pension Plan, Matt Goodson, Greg Smith, NZX.
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Scuppered Ebos deal ‘disappointing’, ‘a real shame’ 
Investment,
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