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 Challenges & Changing Face Of New Zealand Law Firms
Contents
- 1 The Challenges & Changing Face Of New Zealand Law Firms
- 2 Would You Recommend Your Son or Daughter Become a Lawyer? “No,” Say Many in New Survey
- 3 Fast Growing Aussie Law Firm Expands to New Zealand
- 4 When Should Users Take Legal Action Against E-Cigarette Manufacturers? Here are five examples . . .
- 5 Bringing in Business to Your Law Firm Can Be Easy . . . If You Use These 8 Tips
- 6 ‘Lifer’ With ‘Special Gifts’ Becomes Managing Partner of Trump-Friendly Firm Jones Day
Putting the 2022 LawFuel Power List together revealed some of the challenges and developments occurring…
Would You Recommend Your Son or Daughter Become a Lawyer? “No,” Say Many in New Survey
A Singaporean survey of lawyers has shown that fewer than half the 300 lawyers would…
Fast Growing Aussie Law Firm Expands to New Zealand
Fast-growing Australian law firm Hamilton Locke is expanding its operations to New Zealand, with the…
When Should Users Take Legal Action Against E-Cigarette Manufacturers? Here are five examples . . .
e-cigarette usage continues, but what happens if there are product risks or the health risks…
Bringing in Business to Your Law Firm Can Be Easy . . . If You Use These 8 Tips
‘Lifer’ With ‘Special Gifts’ Becomes Managing Partner of Trump-Friendly Firm Jones Day
Jones Day has appointed a Jones Day ‘lifer’ as the firm’s eighth managing partner following…
