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Bain Capital a ‘motivated’ buyer of Permira-owned I-MED

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Prospective acquirers of Permira’s $4 billion I-MED Radiology Network are getting their ducks in a row.

Street Talk understands private equity behemoth Bain Capital is a “motivated” bidder. It’s made a lot of money on similar assets globally and is expected to mandate Bank of America as its financial adviser. Also gunning hard is The Carlyle Group and Swiss giant Unilabs, while Ani Satchcroft’s team at Macquarie Asset Management will be hard to beat given its low cost of capital. Bain and Carlyle are both working solo at this point.

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/bain-capital-a-motivated-buyer-of-permira-owned-i-med-20240825-p5k55m