The recent sale of Stockland’s 58 retirement villages to the global investment firm for $987 million cements EQT’s position as one of the largest and most successful investors in the retirement living and aged care space globally, with AUD$6.6 billion of investments to date in the space.
Its purchase of Stockland’s Retirement Living portfolio (pictured is Stockland CEO and Managing Director, Tarun Gupta) follows its first venture into Australia last November when the firm took a minority stake in homegrown success story Five Good Friends, which focuses on providing home care services, particularly into Australian retirement villages.
In 2020, EQT also acquired one of New Zealand’s largest village operators Metlifecare, and has since invested significantly in increasing its aged care services as well as in the development of new villages.
In the same year, EQT also invested in Colisee, an aged care provider with operations across France, Belgium, Spain and Italy.
Prior to this, its first aged care investment was in Charleston, a Germany care home provider in 2014, before the group exited in 2019 by selling to Italian healthcare operator KOS.
Read more about EQT’s past investments – and how mergers and acquisitions are shaping the future landscape for operators – in the next issue of SATURDAY, in your inbox at 6am on Saturday, 19 March. Subscribe here for full access.
