M&A Deal Summary

Quadrant Private Equity Acquires Icon Group

On May 1, 2014, private equity firm Quadrant Private Equity acquired healthcare services company Icon Group for 40M USD

Acquisition Highlights
  • This is Quadrant Private Equity’s 4th transaction in the Healthcare Services sector.
  • This is Quadrant Private Equity’s 10th largest (disclosed) transaction.
  • This is Quadrant Private Equity’s 19th transaction in Australia.
Investment Fate
  • Icon Group was sold to a consortium of financial buyers in 2021.

M&A Deal Summary

Date 2014-05-01
Target Icon Group
Sector Healthcare Services
Buyer(s) Quadrant Private Equity
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 40M USD

Target

Icon Group

South Brisbane, Australia
website
Icon Group is an integrated cancer care provider with a number clinics providing Radiation Oncology, Medical Oncology and Pharmacy Compounding. Icon Group was founded in 2012 and is based in South Brisbane, Australia.

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Buyer(S) 1

Buyer

Quadrant Private Equity

Sydney, Australia

website


Category Private Equity Firm
Founded 1996
PE ASSETS 7.0B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Quadrant Private Equity is a generalist Australian private equity firm focused on management buyouts, buy-ins, and growth capital investments in a broad range of industries. Quadrant prefers profitable businesses and looks to commit AU$70 to AU$150 million per transaction. The Firm will not consider investments in mineral exploration or primary agriculture. Quadrant Private Equity is based in Sydney.


DEAL STATS #
Overall 23 of 39
Sector (Healthcare Services) 4 of 5
Type (Buyout (LBO, MBO, MBI)) 14 of 19
Country (Australia) 19 of 35
Year (2014) 2 of 5
Size (of disclosed) 10 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-01 Bapcor

Preston, Australia

Bapcor is a provider of automotive aftermarket parts, accessories, automotive equipment and services. Bapcor’s core business segment is the automotive aftermarket, covering Trade, Retail & Service, and Specialist Wholesale businesses. Bapcor’s Trade businesses include Burson Auto Parts and BNT. Retail & Service businesses are Autobarn, Autopro, Sprint Auto Parts, Opposite Lock, Car Parts, Midas and ABS. Company specialist wholesale businesses include AAD, Bearing Wholesalers, Baxters, MTQ, Roadsafe, JAS Oceania, HCB, Diesel Distributors, Federal Batteries, Premier Auto Trade, and many more. Bapcor was founded in 1971 and is based in Preston, Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-05 iSentia

Strawberry Hills, Australia

iSentia is a media monitoring firm that provides media intelligence solutions. iSentia was founded in 1982 and is based in Sydney, Australia.

Sell -