Ingenia Receives $1.5 Billion Takeover Proposal

Australian property and lifestyle business Ingenia Communities has received a A$2.2 billion, about $1.5 billion, takeover proposal from AVID Property Group. The proposal is backed by a global sovereign wealth fund and financial sponsor and is higher than an earlier Warburg Pincus offer. HPC can identify businesses receiving competing bids and connect shareholders, buyers and investors where additional strategic capital may be required.