Allens is acting for leading Australian private equity firm Pacific Equity Partners (PEP) on the $1.167 billion sale of Lifehealthcare to EBOS.
'We again congratulate our long-standing client Pacific Equity Partners on another significant exit, this time in relation to the sale of its Lifehealthcare business, having advised PEP on the initial acquisition in 2018 and numerous bolt-on transactions, both here and throughout Asia, in order to grow its geographical reach, customer base and product range,' said lead Partner Noah Obradovic.
'The acquisition of Lifehealthcare re-affirms the strong demand in the market for high-quality businesses with significant demographic tailwinds supporting future growth.'
The deal is subject to conditions and is expected to complete in 2022.
