Business
Icon Group hires advisers for $2 billion-plus auction – The Australian Financial Review
The owners of Icon Group have tapped Jefferies Australia to oversee a $2 billion-plus auction.
The Jefferies and Goldman Sachs-run auction will look to formalise that interest.
Industry analysts told this column the business was worth well north of $2 billion based on similar transaction multiples.
QIC and its co-investors, Goldman Sachs Principal Investment Area and Chinas Pagoda Investment, paid more than $1 billion for the then-Quadrant Private Equity owned Icon Group in 2017. Icons management and doctors also retained a stake.
The current owners took what was Australias largest private…
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