Private equity firms prepare to take over USP Hospitales
Spanish hospital chain USP Hospitales has received bids from a number of private equity funds.
Doughty Hanson, PAI Partners and Blackstone Group are said to be in the final round. The firm is expected to fetch around €300m.
Cinven had wholly purchased USP Hospitales for an enterprise value of €675m in 2007. In 2009 the group was taken over by Barclays and RBS, both of which leveraged the 2007 deal.
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