Canadian NorthWest locks in big AusUnity health fund investor
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It is understood the offshore giant has locked in a key Australian Unity fund backer, in a move designed to pile pressure on the responsible entity and scare off other potential suitors.
Canadaâs NorthWest has struck a deal with Ross Burney-run Hume Partners.Â
Luis Ascui
The backer is Scanlon-family money manager Hume Partners, which is believed to account for 15 per cent to 20 per cent of the in-play Australian Unity Healthcare Property Trust and is its biggest unitholder.
It is understood NorthWest and Hume Partners have entered into put and call options, designed to act like a pre-bid agreement in a company takeover and gives the Canadian first right to Hume Partnersâ stake.