Street Talk

Icon auction in 11th hour twist, EQT to invest alongside Goldman Sachs

Anthony Macdonald, Yolanda Redrup and Kanika Sood

Nov 14, 2021 – 9.34pm

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Goldman Sachs’ principal finance team, now working under the Goldman Sachs Asset Management banner, has had a late change of heart at Australian founded cancer care provider Icon Group.

Goldman Sachs, one of Icon’s three big shareholders, is in late stage talks to retain its stake in the company and be invested alongside incoming private equity backer EQT.

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.

Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.