Acted for George Street Capital Limited in relation to its recent acquisition of  the full interest in Ayrshire Hospitals Limited, the SPV operator of the Crosshouse Hospital maternity unit PFI project.

 

This secondary market deal saw Dawn Construction (contractor) and FES (FM provider) sell out their interest, although they will continue to be involved in the ongoing project delivery. 

 

Funding for this transaction, as well as senior debt, was provided by Allied Irish Bank (GB).

 

George Street Capital Limited now owns outright two SPVs in the healthcare area, Ayrshire Hospitals Limited and Stonehouse Hospitals Limited.  As part of the deal, George Street Capital acquired the full interest in Pacific Partners LLP, the remaining shareholder in Ayrshire Hospitals Limited.