Ashurst advised the existing lending and hedging banks, Barclays Bank PLC, GE Corporate Finance Bank SAS, Lloyds TSB and RBS on the sale of freehold interests in a large proportion of the hospitals owned by the Spire Group to Moor Park Capital Partners. This resulted in a prepayment to the existing banks of circa £600m. The firm also advised on a complex tax driven group re-organisation and a resizing of both the opco and propco facilities. The Ashurst team was led by real estate finance partner Sarah Watkinson .
