EQT buys Australia cancer care business from PE consortium
Goldman Sachs Asset Management, QIC, and Pagoda Investment – a China-focused GP set up by a former QIC executive – have agreed to sell Australia cancer care provider Icon Group to EQT for a reported valuation of A$2.3 billion ($1.67 billion).
EQT will acquire a 70% interest in the business, while Goldman will retain 17% and company management and doctors will re-invest alongside EQT, taking 13%. The Australian Financial Review added that the...
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