ICON Infrastructure Partners VI, L.P., managed by iCON Infrastructure LLP enters into agreement to acquire Alliance Medical Group Limited from Life Healthcare Group Holdings Limited (JSE:LHC) for approximately £590 million on October 5, 2023. The transaction is subject to Life Healthcare investor approval and various anti-trust and foreign direct investment approvals. As of January 8, 2024, all the Conditions Precedent, as defined in the Sale and Purchase Agreement and as set out in the Circular, have been satisfied. The transaction will close during the first quarter of 2024. As of January 8, 2024, the transaction is expected to close in the end of January 2024. As set out in the Circular, Life Healthcare intends to return the majority of the net proceeds to Shareholders within the next few months, following the repayment of offshore debt, settlement of Transaction related expenses and retention of a portion of the net proceeds for specific growth projects.

Ben Rodham, Genna Marten, Ben Suen, Chris Smale and Rich Jones of Linklaters LLP (including from the Milan, Frankfurt and Madrid offices), Sally Hutton together, Leslie de Bruyn and Justin Roberts of Webber Wentzel acted as legal advisor to iCON Infrastructure LLP. Matthew Appleton and Gareth Irving of Allen & Overy LLP acted as legal advisor to Life Healthcare Group Holdings Limited. Barclays acted as financial advisor to Life Healthcare Group Holdings Limited. Piper Sandler Ltd. acted as financial advisor to iCON Infrastructure LLP.