Infratil Limited (NZX: IFT) Completion of Acquisition of Qscan Wednesday 23rd December 2020
On 26 October 2020 Infratil Limited announced that it had executed a conditional binding offer to acquire up to 60% of Qscan Group Holdings Pty Ltd (“Qscan”) from Quadrant Private Equity (“QPE”) and existing doctor and management shareholders. Infratil’s offer was made in conjunction with the Morrison & Co Growth Infrastructure Fund (“MGIF”), which conditionally offered to acquire up to ~15% of Qscan.
Infratil confirms that its acquisition of 56.25% of Qscan was completed on 22 December 2020 for total cash equity consideration of A$289.6 million. The consideration includes estimated transaction costs and is subject to the usual completion adjustments for working capital and net debt.
Infratil Limited (NZX: IFT) Acquisition of Qscan Unconditional Friday 18th December 2020
On 26 October 2020, Infratil Limited announced that it had executed a conditional binding offer to acquire up to 60% of Qscan Group Holdings Pty Ltd (“Qscan”) from Quadrant Private Equity (“QPE”) and existing doctor and management shareholders, for total cash equity consideration of up to A$330 million. Infratil’s offer was made in conjunction with the Morrison & Co Growth Infrastructure Fund (“MGIF”), which conditionally offered to acquire up to ~15% of Qscan.
Infratil confirms that it has now obtained approval from the Foreign Investment Review Board of Australia, which satisfies the only remaining condition. Completion of the transaction is expected to occur on 22 December 2020.
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