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Hearing aid retailer Bay Audio sold to Amplifon for $550m
https://www.afr.com/street-talk/hearing-aid-retailer-bay-australia-sold-to-amplifon-for-550m-20210713-p5897a
Founded in 2007 as a joint venture between audiologist and entrepreneur Peter and Anya Hutson and New Zealand’s Abano Healthcare Group, Bay Audio operates a network of over 100 “points-of-sale”...
Abano Agrees Bay Audiology Sale In $157.8m Deal | Business ...
http://www.guide2.co.nz/money/news/business/abano-agrees-bay-audiology-sale-in-1578m-deal/11/10541
Wellington, Aug 27 NZPA - Abano Healthcare Group has signed a deal to sell New Zealand audiology business Bay Audiology to National Hearing Care for $157.8 million. Abano today said it owned 70 percent of Bay Audiology, with interests associated with Abano director Peter Hutson holding the remaining 30 percent.
INDEPENDENT ADVISER’S REPORT ABANO HEALTHCARE …
https://www.abano.co.nz/wp-content/uploads/2018/06/KordaMentha_Abano-Final.pdf
acquisition of Bay Audiology by Abano, there is a put/call option in place which allows Abano to call, and the Hutson Interests to put, the remaining 30% stake in Bay Audiology at any time between 1 June 2010 and 31 October 2012, with the exercise price set at 6.25x historical EBITA. The effect of any exercise of the put/call would be that
Hearing care retailer Bay Audio acquired by Italian ...
https://www.businessnewsaustralia.com/articles/hearing-care-retailer-bay-audio-acquired-by-italian-multinational-for--550m.html
The Hunts then opted to sell their stake in Abano for NZ$30 million, and along with Reeves they purchased Abano's remaining 50 per cent share of Bay Audio Australia for around NZ$35 million. Once the company's majority control was back in its co-founders' hands the turnaround strategy was well on its way.
Bay Audiology - Hearing Healthcare and Hearing Aids
https://www.bayaudiology.co.nz/
Bay Audiology was voted Reader’s Digest Most Trusted brand in the Hearing Services Category in 2020 and 2021. With our customer-first approach and ongoing support and care, clients can feel understood and supported throughout your hearing journey. We love to see our clients hear the sounds they may have been missing for years.
Abano sells New Zealand Audioology business | infonews.co ...
https://www.infonews.co.nz/news.cfm?id=41420
At Abano’s request, the offer by National Hearing Care excludes all of Abano’s audiology operations outside New Zealand, including those in Australia, Singapore, Hong Kong and Malaysia, which will continue to be owned by Bay International Limited. Alison Paterson said: “Abano invested in Bay Audiology Limited in October 2005.
Abano shares leap on audiology sale - NZ Herald
https://www.nzherald.co.nz/business/abano-shares-leap-on-audiology-sale/HN2DBGV6MBIVQIUNPGWVXH3AWA/
Abano Healthcare Group is selling its New Zealand audiology interests for NZ$157.8 million in a move that will strengthen its balance sheet, make a one-off capital return to shareholders, and allow...
New Zealand Firm the Latest Target of Hearing Aid ...
https://hearinghealthmatters.org/hearingnewswatch/2016/hearing-aid-manufacturers-global-retail-acquisitions-continue-0517/
Bay International is the owner of Bay Audio, which has a retail network of audiology clinics across Australia and Asia. No Stranger to Acquisitions In 2009, Abano sold its interest in Bay Audiology New Zealand to National Hearing Care and acquired a share in the newly merged Australasian audiology business.
Kiwi investors net $584 million from sale of Australian ...
https://www.nzherald.co.nz/business/kiwi-investors-net-584-million-from-sale-of-australian-audiology-business/XHKN2UWH5XGHCLW23FQVKTFLIM/
Bay Audio was also part-owned by New Zealand investor James Reeves. Abano was eventually taken over by Australia-based private equity firm, BGH Capital and the Ontario Teachers' Pension Plan Board...
Bay Audiology sells NZ arm - sharechat.co.nz
http://www.sharechat.co.nz/article/ccbd3ed6/bay-audiology-sells-nz-arm.html
Bay Audiology's sale will provide approximately $118 million cash proceeds to Abano, whose four sectors also include rehabilitation, diagnostics and dental. About $53 million is earmarked to be returned to shareholders in December through a special early interim dividend and an off-market, pro-rata voluntary share buyback.
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