Terra Firma Inks $1.3B Deal To Buy UK Health Co.

Law360, New York (April 30, 2012, 2:08 PM EDT) -- London-based private equity firm Terra Firma said Monday it is scooping up Four Seasons Health Care, the U.K.'s largest independent nursing home and specialist care provider, in an £825 million ($1.3 billion) deal that will slash the health company's debt burden.

The acquisition, which is expected to close by July 16, is being financed by a mix of equity and new debt arranged by Goldman Sachs Group Inc. and Barclays PLC. Its expected to give the private equity firm a new avenue into the region's growing...
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