Mourant Ozannes advises group of investors on sale and leaseback of 12 private hospitals

Offshore law firm Mourant Ozannes has provided Jersey advice to a consortium of investors on the £700m sale and leaseback of a portfolio of 12 UK private hospitals from the Spire Healthcare Group.

The consortium of investors comprises Malaysia’s Employees Provident Fund (EPF), affiliated investment funds of Och-Ziff Capital Management Group and Moor Park Capital Partners.

The aggregate price for the acquisition was £700m including debt finance provided by Standard Chartered Bank. The acquired hospitals are to be leased back to Spire Healthcare Group operating under long leases.

The main Jersey transaction team was led by partners Joel Hernandez and James Hill and assisted by senior lawyers Kerill O’Shaughnessy, John Rochester and Jon Woolrich and associate Matt Satchell.

The team acted for the wider consortium and the financing elements and worked alongside Norton Rose and Deutsche Bank, Jersey.

Standard Chartered was advised by Allen & Overy and the Spire Healthcare Group was advised by Freshfields Bruckhaus Deringer.

Two additional teams at Mourant Ozannes, led by partners Ben Robins and Felicia de Laat, acted on certain aspects of the transaction and provided advice to specific consortium investors alongside Baker & Mackenzie and Ashurst.