King & Wood Mallesons has advised funds managed by Quadrant Private Equity on their acquisition of controlling stakes in Qscan Radiology and North Coast Radiology.
The two companies, valued at a combined $200m, will operate 33 clinics with 40 radiologists with Quadrant intending to expand operations domestically and potentially into Asia.
The KWM Team was led by Partners Mark McNamara and Elizabeth Hundt Russell and Special Counsel Alex Elser who were supported by Solicitors Josh Chalkley, Dan Flanagan and Karen Chen.
Commenting on the deal, McNamara said: "We are pleased to have once again supported Quadrant as they continue to invest in the health sector. The radiology sector presents significant onshore and offshore growth opportunities and through strategic acquisitions such as this Quadrant is well positioned to meet the increasing demand for high quality health and medical services."
KWM has been a key advisor to Quadrant on several recent acquisitions across the travel, lifestyle and entertainment industries including Cruise Whitsundays, Rottnest Express, Great Southern Rail, Fitness First, Good Life Gyms and Jetts Fitness.
