K&L Gates continues work for Moelis with aged-care company stake buy

The firm follows up on its role advising on a $667m deal in June

K&L Gates continues work for Moelis with aged-care company stake buy
K&L Gates has again acted for Moelis Australia in a major acquisition.

The global firm advised Moelis Australia on its announced $45.5m acquisition of a 70% controlling stake in aged-care facility operator and developer Infinite Care.

K&L Gates also aided Moelis Australia in establishing the Moelis Australia Healthcare REIT, which will hold real estate assets that will be leased to Infinite Care. The new Moelis Australia Aged Care Fund will hold the company’s interest in Infinite Care.

MinterEllison advised private equity group Next Capital, which exited Infinite Care after investing in the company in late 2014.

Hal Lloyd, K&L Gates corporate and transactional partner, led the firm’s team. It included tax partner Matthew Cridland, investment management partner Matthew Watts, real estate partner Chris Wille, special counsel Brent Delaney, senior associate Ivan Orola, lawyer Mairead Murphy, and graduate Rachel McNally.

Lloyd led the team that advised Moelis Australia on its $677m acquisition of the Redcape Hotel Group in June.

Hal Lloyd

Related stories:
$667m hotel deal pushes through with aid from top firms
Firm advises sale of “significant interest” in leading drilling contractor to global investment

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