Global law firm DLA Piper has advised Intermediate Capital Group (ICG) on the sale, to UK-based private equity firm Livingbridge, of Everlight Radiology, a global teleradiology provider that facilitates 'around the clock' urgent and routine teleradiology reporting services to hospitals and healthcare providers in Australia, New Zealand, the UK and Ireland.
The transaction followed a highly competitive sale process, with the Everlight business attracting significant interest from local and international private equity and trade buyers.
The cross-border team, led by DLA Piper's Head of Corporate Grant Koch, with support from Corporate solicitors Jake Thornton and Julia Krapeshlis, included more than 60 DLA Piper lawyers from across Australia, the UK, New Zealand and Ireland.
Grant Koch commented on the deal, saying “This was an extremely competitive sale process for an excellent multijurisdictional business, and it evidences the very strong market demand for businesses that successfully span technology and healthcare - sectors in which DLA Piper has a particular expertise. DLA Piper has been advising both ICG and Everlight since ICG acquired Everlight in 2016, and we are thrilled to have had the opportunity to work so closely with them again on this transaction, assisting ICG to exit its investment and enabling Everlight to continue its global growth and expansion under Livingbridge’s ownership.”