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Buyout (LBO, MBO, MBI) • Healthcare Services

CVC Capital Partners Acquires I-Med Radiology Network

On September 25, 2006, private equity firm CVC Capital Partners acquired healthcare services company I-Med Radiology Network for 2.7B AUD

Acquisition Context
  • This is CVC Capital Partners’ 2nd transaction in the Healthcare Services sector.
  • This is CVC Capital Partners’ 14th largest (disclosed) transaction.
  • This is CVC Capital Partners’ 6th transaction in Australia.
Investment Fate
  • I-Med Radiology Network was sold to a strategic buyer in 2007 for 1.2B AUD.
  • I-Med Radiology Network was divested to a consortium of buyers in 2012.
  • I-Med Radiology Network was sold to a consortium of financial buyers in 2014.
  • I-Med Radiology Network was sold to a consortium of financial buyers in 2018.

Explore All 1105 Buyout (LBO, MBO, MBI) Healthcare Services Deals - Search the Database Free


M&A Deal Summary
Date September 25, 2006
Target I-Med Radiology Network
Sector Healthcare Services
Buyer(s) CVC Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 2.7B AUD

Target Company

I-Med Radiology Network

Sydney, Australia
I-Med Radiology Network is a diagnostic imaging provider. It offers comprehensive and high-quality services including X-ray, PET, CT, MRI, Nuclear Medicine, Ultrasound, Mammography and Interventional Procedures. Across Australia, I-MED operates 204 clinics covering all major metropolitan areas and significant parts of rural Australia. Each year almost 5 million patient procedures are performed by I-MED’s more than 300 radiologists, 50 nuclear medicine physicians, and 3,500 staff. I-Med Radiology Network was founded in 2000 and is based in Sydney, New South Wales.
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Buyer Overview 1

Buyer

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.

Deal Context for Buyer #
Overall 103 of 329
Sector: Healthcare Services 2 of 14
Type: Buyout (LBO, MBO, MBI) 77 of 122
Country: Australia 6 of 8
Year: 2006 8 of 9
Size (of disclosed) 14 of 59
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-01 DT Group A/S

Soborg, Denmark

DT Group is the largest retailer and distributor of building materials in the Nordic region.The group consists of six key divisions: Stark in Denmark, Beijer in Sweden, Neumann in Norway, Starkki in Finland, Silvan in Denmark and Sweden and DT Trade.

Sell £1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-27 Asia Timber Products Co.

Shanghai, China

Asia Timber Products Co. Ltd. is a manufacturer and distributor of high-end, medium-density fiber panels and laminate flooring. Asia Timber Products was founded in 1993 and is based in Shanghai, China.

Buy -

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