Sydney, August 2017 – Global Loan Agency Services (GLAS) Australia, leading independent agency and security trustee services provider, has assumed Mezzanine Security Trustee and Mezzanine Facility Agent roles in connection with the acquisition of cancer care company Icon Group.
The Icon Group is Australia’s largest private provider of cancer care and offers cancer patients three services under one roof: medical oncology, radiation oncology and the manufacture/supply of oncology drugs.
The acquiring consortium is led by Australian fund manager QIC and includes Goldman Sachs and Pagoda. Goldman Sachs and Pagoda provided introductions into the healthcare industry in China.
The transaction received Foreign Investment Review Board approval and showcases GLAS Australia’s ability to operate across multiple jurisdictions and deliver within tight timeframes.
Barnaby Webb, Head of GLAS Australia, said, “GLAS Australia is thrilled to be part of this transaction, and looks forward to watching the future growth and expansion of the Icon Group’s operations. Special thanks to our key supporters and facilitators on this deal Goldman Sachs, QIC, Pagoda, Corrs Chambers Westgarth and King & Wood Mallesons”.