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IFM Investors acquires controlling interest in PRP Diagnostic Imaging
Global law firm Allens has advised institutional investment manager IFM Investors on its acquisition, together with UniSuper, of a controlling interest in PRP Diagnostic Imaging from Crescent Capital Partners.
Jerome Doraisamy
Firm: Allens (IFM Investors)
Area: Private capital
Value: N/A
Key players: The Allens team was led by partners Emin Altiparmak and David Couper, who were supported by partners James Kanabar, Penny Nikoloudis, Simon Dewberry, Annabelle Aland, Michael Park and Caroline Ryan, managing associates Joshua Hoare, Chloe Wilton and Lauren John, senior associates Niamh Rogers, Vincent Pang, Brian Kirkup, Jamil Diu, Jamie Griffin and Nick Li, counsel Richard Hamer, associates Alisha D’Souza, Claire Watson, James Keir, Erica Tan, Edward Thien, Alexandra Moloney and Jacob Flynn, and lawyers Jakob Cobby, Olly Gagiero, Stanton Lau, Katherine Polazzon, Charlotte Chang and Kevin Fan.
Deal significance: Speaking about the deal, Mr Altiparmak said: “We are delighted to have supported IFM on this marquee investment by its LTPC Fund.
“The transaction is the latest in a series of recent private equity-led buyouts of medical imaging businesses, with the intersection between healthcare and technology proving compelling. PRP Imaging is very well positioned for future growth with IFM’s support.”
Mr Couper added: “Credit opportunities for private equity-led buyouts in the healthcare sector continue to be robustly supported by the Australian leveraged loan market. We congratulate IFM and its stakeholders on this transaction and are delighted to have advised on the debt financing.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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