M&A Deal Summary

Permira Acquires I-Med Radiology Network

On January 27, 2018, private equity firm Permira acquired healthcare services company I-Med Radiology Network from EQT

Acquisition Highlights
  • This is Permira’s 2nd transaction in the Healthcare Services sector.
  • This is Permira’s 1st transaction in Australia.

M&A Deal Summary
Date 2018-01-27
Target I-Med Radiology Network
Sector Healthcare Services
Buyer(s) Permira
Sellers(s) EQT
Deal Type Secondary Buyout

Target

I-Med Radiology Network

Sydney, Australia
I-Med Radiology Network is a diagnostic imaging provider. It was formed in 2000 and 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.

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Buyer(S) 1

Buyer

Permira

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1985
PE ASSETS 75.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.

DEAL STATS #
Overall 116 of 161
Sector (Healthcare Services) 2 of 2
Type (Secondary Buyout) 26 of 43
Country (Australia) 1 of 1
Year (2018) 2 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-17 Motus

Boston, Massachusetts, United States

Motus is a technology-driven provider of vehicle management and reimbursement solutions and other mobile workforce management tools. The company provides a sophisticated configuration engine that incorporates real-time data across hundreds of variables to drive significant cost reductions for companies reimbursing employees for business miles driven while helping to ensure regulatory compliance. Motus was founded in 2004 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-13 Exclusive Group

Boulogne Billancourt, France

Exclusive Group is a provider of value-added services and technologies (“VAST”) for cybersecurity and cloud migration. Exclusive Group was founded in 2003 and is based in Boulogne Billancourt, France.

Buy -

Seller(S) 1

SELLER

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.

DEAL STATS #
Overall 102 of 187
Sector (Healthcare Services) 6 of 9
Type (Secondary Buyout) 27 of 57
Country (Australia) 1 of 1
Year (2018) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-01 Peregrine Midstream Partners

Houston, Texas, United States

Peregrine Midstream Partners is a midstream oil and gas company that owns and operates Ryckman Creek, a depleted natural gas reservoir in Wyoming, US. Ryckman Creek is directly connected to 5 pipelines providing direct access to key consumer markets. Peregrine Midstream Partners was founded in 2009 and is bases in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-01 Candidator

Alingsas, Sweden

Candidator is a successful IT company that delivers complete IT operation, telephony, and outsourcing services to companies and organizations in the Nordic market, under the motto "make it simple.". Candidator was founded in 1997 and is based in Alingsas, Sweden.

Buy -
Mergr

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