QIC consortium to buy Australian Icon Group for US$746mil


MELBOURNE: A consortium comprising QIC Ltd, Goldman Sachs Group Inc’s private equity arm and China’s Pagoda Investment agreed to buy Australian healthcare company Icon Cancer Care Group, according to people with knowledge of the matter.

The group agreed to buy Icon, owned by Australian buyout firm Quadrant Private Equity Pty, for more than A$1bil (US$746mil), said the people, asking not to be identified as the information is private.

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Business , qIC , australia , icon Cancer

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