Investment banker, Jefferies, is reportedly talking to potential suitors for the leading retirement village owner/operator, according to The Australian.
It is trying to determine if there is any interest in RetireAustralia, which has just announced Hutchinson Builders has begun work on its 30th retirement village. The news outlet stated private equity firms, including Kohlberg Kravis Roberts, are being approached, along with EQT, which acquired Stockland Retirement Living in May 2022, after taking a minority stake in home care operator Five Good Friends in November 2021.
RetireAustralia, is owned by Infratil and NZ Super Fund, which is expected to sell it for about $1billion, with its book value around $900 million.
Infratil said on 29 July an independent valuation of RetireAustralia was NZ$492.9 million on 30 June 2024, up from NZ$464.4 million on 31 March 2024.
Australia’s leading retirement village operator Aveo is for sale through Morgan Stanley and Barrenjoey, on behalf of owner Brookfield, with the asking price thought to be about $3 billion.
New York-based Stonepeak, a leading alternative investment firm, announced on 21 July 2024 it had bought New Zealand retirement living operator Arvida Group for approximately US$1.25 billion (NZ$2 billion) including the assumption of debt.
Browse the #1 website villages.com.au and check availability for all retirement living and land lease resorts
