Gilbert + Tobin has advised Johannesburg Stock Exchange-listed Advanced Health Limited (AVL), on the sale of PresMed Australia to ICG.
PresMed Australia is a premium provider of surgical day hospitals with one of the largest networks of ophthalmic surgeons in Australia as well as specialists in other surgical disciplines. The investment will allow PresMed’s management and doctors to grow their platform through acquisitions and the development of additional facilities.
ICG is a leading global alternative asset manager with deep global healthcare experience and in partnering with doctors and healthcare teams. ICG made the investment through its Asia Pacific Fund IV.
G+T’s market leading Corporate Advisory team was led by partner David Josselsohn , with support from special counsel Lloyd Chater, lawyer Rohit Duggal and graduate Katerina Burtaev. The Corporate Advisory team was also supported by specialists throughout the firm. G+T has one of Australia’s most highly regarded corporate and private equity practices with considerable experience working both for and across from private equity sponsors, asset managers and fund managers.
David Josselsohn said “We are pleased to have advised AVL and PresMed on this significant transaction. AVL, management and the doctor-shareholders have built a high quality business and we look forward to seeing it go from strength to strength in this next chapter in partnership with ICG .”
