The Citadel Group’s Acquisition Of Genie Solutions

Herbert Smith Freehills has advised IFM Investors’ private equity arm on the deal.

IFM Investors sold its majority owned medical practice management software business, Genie Solutions, to Pacific Equity Partners-owned software and services company, The Citadel Group.
IFM pursued an exit from its investment in Genie Solutions by IPO and also received interest from trade buyers, which culminated in the sale to The Citadel Group.

Founded in 1995, Genie Solutions is a HealthTech SaaS business and is a market leader in the Australian medical specialist practice management solutions market. Genie Solutions’ software delivers end-to-end practice management solutions across patient engagement and management, practice administration, patient billing and clinical workflows.

IFM acquired a majority stake in Genie Solutions in 2017 in a transaction in relation to which Herbert Smith Freehills also advised IFM Investors.

The Herbert Smith Freehills team was led by partner Nicole Pedler (Picture) and comprised corporate partner Adam Charles and solicitors Hudson Archer, Henry Simpson, Raul Vellani and Tatsuaki Tomiyama; IT partner Kwok Tang and solicitor Raymond Sun; Healthcare Sector Lead and partner Natalie Bryce and solicitor Lauren Woo; Head Office Advisory partner Timothy Stutt; IP special counsel Amalia Stone; Insurance special counsel Guy Narburgh and employment partner Michael Gonski, senior associates Rommo Pandit and Lisa Soo, and solicitor Nikhil Mishra.

The Herbert Smith Freehills team worked closely with the Genie Solutions team and the IFM team, including IFM’s legal team led by Commercial Director Samantha Robson, and Genie Solutions’ Head of Legal Candice O’Neill.

Involved fees earner: Natalie Bryce – Herbert Smith Freehills; Adam Charles – Herbert Smith Freehills; Michael Gonski – Herbert Smith Freehills; Guy Narburgh – Herbert Smith Freehills; Rommo Pandit – Herbert Smith Freehills; Nicole Pedler – Herbert Smith Freehills; Lisa Soo – Herbert Smith Freehills; Amalia Stone – Herbert Smith Freehills; Timothy Stutt – Herbert Smith Freehills; Kwok Tang – Herbert Smith Freehills;

Law Firms: Herbert Smith Freehills;

Clients: IFM Investors Pty Ltd;

Giulia Di Palma

Author: Giulia Di Palma