QIC, Goldman Sachs PIA and Pagoda’s Acquisition of Icon Group


Allens has advised Credit Suisse AG and Goldman Sachs Australia as financiers of the acquisition of the Icon Group, Australia’s largest private cancer and oncology services group.

The acquisition, made by a consortium comprising QIC, Goldman Sachs PIA and Pagoda, will allow Icon to continue its expansion across Australia and Asia.

Icon is headquartered in Brisbane and has expanded to Singapore, China and New Zealand, providing radiation oncology, day oncology hospitals, pharmacy and chemotherapy compounding to previously under-served locations.

The deal is expected to complete in the second half of 2017, pending approval from the foreign investment review board.

Allens Advised Credit Suisse AG and Goldman Sachs Australia with Tim Stewart (Picture) (Banking and Finance), Sarah Bitcon (Senior Associate), Lily Zhang (Senior Associate), Nicholas Koutsoukos (Lawyer) and Elise Blume (Law Graduate)

Involved fees earner: Tim Stewart – Allens; Sarah Bitcon – Allens; Lily Zhang – Allens;

Law Firms: Allens;

Clients: Credit Suisse; Goldman, Sachs & Co.;