| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Overseas Investment Office |
| Decision Date | 12 April 2019 |
| Investment | An overseas investment in significant business assets, being the Applicant's acquisition of up to 100% of the shares of both Healthscope Limited and ANZ Hospitals Topco Limited primarily via either a scheme of arrangement or a full off-market takeover, the value of the New Zealand assets of Healthscope Limited being greater than $100m. |
| Asset Value | $600,000,000 |
| Applicant | Brookfield Capital Partners V GP LLC, on behalf of BCP VIG Holdings L.P. and ANZ Hospitals Pty Ltd Canada Public (60.38%) United States Public (16.59%) Japanese Public (5.82%) Kuwait Public (4.23%) Israel Public (3.74%) Qatar Public (3.47%) Germany Public (1.94%) United Arab Emirates Public (1.39%) French Public (1.25%) Malaysian Public (0.69%) Hong Kong Public (0.28%) Finland Public (0.14%) Switzerland Public (0.08%) |
| Vendor | Existing shareholders of Healthscope Limited Australian Public (60.0%) Various overseas persons (15.0%) North American Public (10.0%) United Kingdom Public (7.0%) Asian Public (6.0%) European Public (2.0%) |
| Background | The Applicant is the general partner of several limited partnerships which are collectively described as an investment vehicle of pooled funds managed by affiliates of Brookfield Asset Management, Inc., a global alternative asset manager incorporated in Canada, with investments focusing in renewable energy, property, infrastructure and private equity. Registered and listed in Australia, Healthscope Limited is the second largest private hospital operator in Australia, and a leading pathology service provider in New Zealand. The Applicant has satisfied the OIO that the individuals who will control the investment have the relevant business experience and acumen and are of good character. The Applicant has also demonstrated financial commitment to the investment. |
| More information | Mark Forman Minter Ellison Rudd Watts PO Box 3798 AUCKLAND 1140 |