Stonepeak-led Consortium to Acquire Estia Health

Stonepeak announced on May 27, 2026 that a consortium it leads will acquire a majority stake in Estia Health from Bain Capital. Estia is a major Australian residential aged-care operator with more than 90 homes in New South Wales, Queensland, South Australia and Victoria and approximately 9,000 residents. The transaction will be executed through Volarae Living, Stonepeak’s social infrastructure platform in Australia and New Zealand, and includes Axight as a minority investor. It is Volarae Living’s second investment after Aura Holdings earlier in 2026, indicating a broader platform-building strategy in aged care and retirement living. Financial terms and exact ownership percentages were not disclosed. The parties expect closing in late 2026 after customary regulatory approvals.