Deals
QIC Consortium to Buy Australian Icon Group for A$1 Billion
- Buyers include Goldman Sachs Private Equity, Pagoda Investment
- Announcement on a deal may be made as early as this week
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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$1 billion ($746 million), said the people, asking not to be identified as the information is private. An announcement may be made as early as this week, the people said.