Background
- In January 2024, funds advised by iCON Infrastructure (iCON) acquired Alliance Medical Group (AMG) from Life Healthcare Group Holdings Limited
- Alliance Medical Italy is one of the leading private providers of diagnostic services in Italy
- Due to the different business models, funding requirements and functional currencies within AMG, iCON elected to raise three separate financings for AMG's UK (Alliance Medical UK), Irish (Alliance Medical Ireland) and Italian (Alliance Medical Italy) operations
Process
- DC Advisory was appointed as exclusive financial advisor by repeat client, iCON, for the debt financing of Alliance Italy
- DC Advisory leveraged its extensive knowledge of the Healthcare Infrastructure sector to run a comprehensive financing process
Outcome
- DC Advisory delivered a successful outcome for iCON, arranging a club deal of bank lenders
- The highly attractive senior debt package was executed on competitive terms, the key highlights of which include:
- Successfully positioned as an infrastructure asset
- Raising a capex facility which to support Alliance Italy’s growth ambitions
- Negotiating a highly tailored documentation package providing flexibility to support future growth
- The transaction closed in September 2024
- The transaction further demonstrates DC Advisory’s expertise in the Healthcare Infrastructure sector, and strengthens the firm’s experience in advising on complex transactions
