Global law firm Ashurst is advising Jefferies International Limited on the £269 million takeover of Medica Group plc, announced by Moonlight Bidco Limited, a newly incorporated wholly-owned subsidiary of funds advised by IK Investment Partners Limited, ("Bidco").

The cash consideration payable by Bidco pursuant to the acquisition will be funded through a combination of equity investment into Bidco from the IK Funds and new debt financing to be provided under a facility agreement made available to Bidco by the lenders.

Medica is an international provider of high-quality telemedicine services and a market leading teleradiology provider in the UK and Ireland. Medica provides outsourced interpretation and reporting of acute and non-acute MRI (magnetic resonance imaging), CT (computerised tomography), ultrasound and plain film (x-ray) images to more than 100 NHS Trusts in the UK, the Irish HSE, private hospitals and insurance groups, as well as diagnostic imaging companies. Medica also manages diabetic retinopathy screening on behalf of the National Screening Service in Ireland.

The Ashurst team is being led by corporate partners James Fletcher and Harry Thimont and banking partner Tim Rennie, supported by senior associate Connor Lovie and associates Millie Gibbs, Roshni Mehra and Gareth Mair.

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For further media information/interview opportunities please contact:

Kirstin Munro

T +44 (0)20 7859 2448 / +44 (0)7799 830 185

E kirstin.munro@ashurst.com

Notes to editors:

Ashurst is a leading international law firm with world class capability and a prestigious global client base. The firm's in-depth understanding of its clients and commitment to providing exceptional standards of service has seen it become a trusted adviser to local and global corporates, financial institutions and governments on all areas of commercial law. The firm's people are its greatest asset and it brings together lawyers of the highest calibre with the technical knowledge, industry experience and regional know-how to provide the incisive advice clients need.

Ashurst has 31 offices in 18 countries and offers the reach and insight of a global network, combined with the knowledge and understanding of local markets. With over 450 partners and a further 1,800 lawyers working across 11 different time zones, the firm is able to respond to clients wherever and whenever required. As a global team, Ashurst has a reputation for successfully managing large and complex multi-jurisdictional transactions, disputes and projects and delivering outstanding outcomes for clients.

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