Scoop has an Ethical Paywall
Pacific Radiology Makes Growth-focussed Sale
Chapman Tripp advised Pacific Radiology Group Limited (PRG) on all aspects of its strategic sale of a $313m stake to investment company Infratil Limited, creating a platform for PRG to accelerate growth. The transaction closed on 31 May.
Pacific Radiology doctors will continue to own the balance of the $867m business.
The Chapman Tripp team comprised Bradley Kidd, Emma Sutcliffe, Tracy Tomsett and Tory Hansen, with support from partners Tim Tubman and Marie Wisker, and a range of specialists across the firm.
“We are pleased to have acted on this transaction between two high profile New Zealand companies, which will bring significant advantages to both parties and will also benefit the public by enhancing PRG’s growth potential. It was a privilege to work closely with the PRG board, management team and shareholders, as well as PRG’s financial adviser Allier Capital, on this transformational transaction.” Bradley Kidd said.
“Chapman Tripp and Brad have been PRG’s trusted advisors for a number of years. It’s been great to work with Brad and his team as we’ve moved through this sale process, which is the culmination of several years of corporatisation and business improvement with Chapman Tripp’s guidance and advice along the way. Our deal with Infratil Limited went like clockwork, in no small part due to the consummate skill and professionalism of Brad and his Chapman Tripp team.” Terry McLaughlin, PRG’s CEO said.
Business Canterbury: Urges Council To Cut Costs, Not Ambition For City
Wellington Airport: On Track For Net Zero Emissions By 2028
Landcare Research: ANZAC Gall Fly Release Promises Natural Solution To Weed Threat
NZ Anti-Vivisection Society: Auckland Rat Lovers Unite!
University of Canterbury: $1.35 Million Grant To Study Lion-like Jumping Spiders
Federated Farmers: Government Ends War On Farming
