Investment Banking
Control Sale and Recapitalization I

Fortman Cline acted as a co-advisor to The Medical City Group of Hospitals on the sale of a majority stake to CVC Capital Partners. The deal involved the following transactions:

i. The issuance of Convertible Notes of up to PHP 12.8 billion as part of a recapitalization program that shall allow The Medical City to grow its hospital network and expand its nationwide footprint

ii. Placement of unissued primary shares equivalent to an 8% stake in The Medical City Group to CVC Capital Partners

iii. Co-advisory on the sale of Lombard Investments’ 17% stake in The Medical City to CVC Capital Partners through a Mandatory Tender Offer

iv. Refinancing of USD 146 millions of parent-guaranteed debt in Guam Regional Medical City with non-recourse financing from a consortium of Korean lenders