EQT Infrastructure has bought a majority stake in Australian cancer treatment chain Icon Group and has in a separate deal, sold Getec, a €4bn German energy services firm.
The manager’s EQT Infrastructure V fund is buying Icon for about A$2.4bn (€1.5bn), including debt from a consortium comprising Goldman Sachs Asset Management, QIC and Pagoda Investment.
Icon co-founders Stuart Giles and his wife, Cathie Reid, have also exited the business for an estimated A$115m.
In an announcement, Icon said Goldman Sachs was retaining a minority equity position in Icon, believed to be around 17%.
In another deal, EQT and Getec Energie Holding said they have agreed to sell their respective stakes in energy services firm Getec to the Infrastructure Investments Fund, an investment vehicle advised by JP Morgan Investment Management for an undisclosed sum. The EQT Infrastructure III fund acquired its Getec stake in 2017.
According to sources, Getec which operates more than 11,500 energy generation assets across nine European countries, is worth more than €4bn.
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