The deal will see Babcock Brown gather together various investments that it has made with Primelife which specializes in aged care housing and nursing homes.
The announcement was made by the firmÆs head of corporate finance, Rob Topfer, at the UBS Financial Services conference in Sydney. Topfer told the audience that the time had come to increase the size of the business and generate greater cashflows û scale that would be achieved by establishing a managed investment vehicle....
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