The two remaining bidders for cancer care provider Icon Group have been told to get their bids in early.
Trans-Tasman financial investor Morrison & Co has been considered a favourite to win the auction, but Swedish private equity player EQT is also firmly in the race and has previous experience running private sector radiology business I-MED.
Bids aren’t officially due until October 22, but it sounds like both parties are happy to get their binding offers in early and hefty funding packages have been arranged.
Elsewhere, Allan Gray has been buying up Challenger shares and the fund manager believes there’s a few reasons to be optimistic; VGI Partners has recruited MA Moelis and Arnold Block Leibler to help it fix its discount problem; SiteMinder is in talks with potential cornerstone investors this week ahead of terms being set and SG Lottery has its retail broker support crew ready.
MA Moelis’ bankers and lawyers from Arnold Bloch Leibler are back in at Rob Luciano’s VGI Partners, in what looks an attempt to step up efforts to fix the manager’s lingering discount problem.
