Sino-Australian consortium to buy Icon Group from Quadrant
QIC, Goldman Sachs and Pagoda Investment – a China-focused private equity firm set up by a former QIC executive – have agreed to buy Icon Group, an Australian oncology services provider, from Quadrant Private Equity.
They will pay around A$1 billion ($746 million) for Icon, according to a source familiar with the situation, and support a regional expansion plan that has already seen the company establish a presence...
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