EQT Infrastructure completed the acquisition of a majority stake in Icon Group from Goldman Sachs Asset Management, QIC and Pagoda for $1.67bn.

EQT Infrastructure, an investment fund, completed the acquisition of a majority stake in Icon Group, a cancer care provider, from Goldman Sachs Asset Management, QIC, and Pagoda, three private equity firms, for $1.67bn. “Icon Group is revolutionising the way cancer care is delivered through an integrated model that enables access for all patients through the decentralisation of care in major cities and bringing cancer care services to the patient in one location. This best practice cancer care model is well validated in Australia and South-East Asia, and EQT’s investment will enable this next phase of growth around the world. It’s an exciting time to be involved in Icon, and importantly for EQT to be a partner in bringing this model of care to all cancer patients,” Ken Wong, EQT Infrastructure Partner.