London team advises Jefferies on KKR and Stonepeak’s £1.61 billion consortium offer for Assura plc

Global law firm Norton Rose Fulbright is advising Jefferies International Limited (Jefferies) as financial adviser to Sana Bidco Limited (Bidco) (a newly formed company indirectly wholly-owned by (i) funds advised by Kohlberg Kravis Roberts & Co. L.P. (KKR) and its affiliates and (ii) funds advised by Stonepeak Partners LP (Stonepeak) and its affiliates) on its £1.61 billion recommended cash offer for Assura plc (Assura).

Assura is the UK's leading diversified healthcare real estate investment trust, specialising in the development, investment and management of primary care centres, hospitals and other specialist healthcare properties.

KKR is a leading global investment firm with $638 billion in assets under management (as of December 2024). KKR invests globally across private equity, credit and real assets like infrastructure and real estate, and also offers capital markets and insurance solutions.

Stonepeak is the world's largest independent infrastructure specialist, managing approximately $72 billion of assets (as of September 2024).

The London-based Norton Rose Fulbright team is being led by corporate partner Kit McCarthy, supported by banking partner James Collis, banking consultant Ksenia Orlova and corporate associates Jess Ong-Davys and Craig Langsdale.