King & Wood Mallesons (KWM) has acted for funds managed by Quadrant Private Equity and the other shareholders of Qscan Group on the successful sale of their shares to a consortium comprising of Infratil Limited and Morrison & Co.
Quadrant funds divested all of their shares with the doctor and management shareholders cashing out a portion of their shareholdings and rolling the remainder.
The KWM team acting on the deal was led by partners Mark McNamara and Alex Elser and included senior associates Anthony Boogert and Luke Mulcahy and solicitor Tom Wood.
Commenting on the transaction Mark McNamara said: “Qscan has seen remarkable growth since 2017 when Quadrant first invested. Credit for that growth rests with all of the Qscan stakeholders including management, the dedicated doctor group and Quadrant and their collective desire to build one of the leading privately owned radiology groups in Australia delivering high quality medical care to Australians.”
KWM previously worked with Quadrant on the initial acquisition of Qscan in 2017.