Source: MinterEllisonRuddWatts–Top law firm, MinterEllisonRuddWatts, has advised ANZ, CBA and MUFG as the mandated lead arrangers/underwriters on the debt financing of Infratil Limited’s acquisition of a controlling stake in Pacific Radiology Group Limited. Pacific Radiology is New Zealand’s largest diagnostic imaging service with an implied enterprise value of $867 million and employs nearly 100 radiologists across 46 clinics nationwide.
The transaction closed on 31 May 2021 and is part of Infratil’s ongoing strategy to build a meaningful Australasian healthcare infrastructure platform, having recently acquired Qscan Group (a leading diagnostic imaging business in Australia) for A$289.6 million.MinterEllisonRuddWatts deal team, comprising partner Steve Gallaugher, senior associate Sam Gunson and solicitor Arthur Knaggs, played a key role in ensuring that Infratil had the debt financing assurances required to enable them to complete a significant M&A transaction in a short timeframe.
MinterEllisonRuddwatts Banking Partner, Steve Gallaugher, commented “We really enjoyed working with all parties on the legal aspects of this significant debt financing. This transaction was a great example of advisors working constructively to achieve a great outcome for all stakeholders”.
This acquisition illustrates both the strength of New Zealand’s M&A landscape and the debt appetite to fund quality assets and sponsors.
The Ultimate Legal Pitch: 30 Firms Named by BTI Consulting Group in Annual Survey of Top Legal Decision Makers
Contents
What You Need to Know About Traumatic Brain Injury Claims
‘What’s Love Got to Do With It? The Legal Jobs That People Love
How Do I Choose a Criminal Defense Lawyer?
How Meredith Connell Brought Some ‘Human Delight’ To The Workplace
These are the most IN DEMAND finance and accounting jobs of 2023
Auditing is the most in demand finance career right now, followed by actuary and corporate…