Street Talk can reveal Livingbridge agreed a deal to take a majority stake in Everlight over the weekend, buying the large stake owned by Intermediate Capital Group and investing alongside the group’s management team and doctor shareholders.
The deal is understood to value Everlight at more than $500m, representing a big payday for departing shareholder ICG and a significant step-up when it comes to Livingbridge’s investments in the local market.
Everlight ticks both boxes. The group, which offers diagnostic services to hospitals and other health providers, was founded in Australia as Imaging Partners Online in 2006, before expanding into New Zealand and the United Kingdom (in 2010).
Subscribe to our Newsletter to increase your edge. Don’t worry about the news anymore, through our newsletter you’ll receive weekly access to what is happening. Join 120,000 other PE professionals today.
ICG, which bought into the business in 2016, had Rothschild & Co’s bankers run an...
learn more
