UK - Duke Street in take-private bid for Oasis Healthcare
Duke Street Capital has offered £76.9m for AIM-listed dental services provider Oasis Healthcare Plc. The offer of 82 pence per-share represents a premium of 74.4% on the closing price. The bid is being financed by a debt package supplied by Barclays Bank. Duke Street is being advised by NM Rothschild. The Oasis Group operates 134 dental practices in England and Wales. For the financial year ended March 31, Oasis generated revenues of £90m and pre-tax profit of $4.7m. At March 31 Oasis had assets of £16.4m and net debt of £34.3m.
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