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Stonepeak, a New York-headquartered infrastructure and real assets investor with about $US73 billion ($113 billion) under management, is coming for Australia’s largest radiology business.

Street Talk understands Stonepeak has been in talks to acquire I-MED – on track to make $1.35 billion revenue and $230 million EBITDA in the year to June 30 – since at least March. While it is not known if Stonepeak has secured exclusivity over the asset, negotiations are said to be well advanced.

Jefferies and Morgan Stanley are overseeing the auction on behalf of Permira, which acquired I-MED in 2018 for about $1.26 billion.

Read the full story: Global buyout firm steamrolls auction for Permira’s $4 billion I-MED

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Street Talk can reveal New Zealand’s biggest online classifieds and auctions player Trade Me, taken private by Apax Partners for $NZ2.6 billion in May 2019 in what was then the biggest leveraged buy-out in the country, has all but closed off a circa $NZ2 billion ($1.9 billion) debt refinancing.

The Australian sharemarket closed at a two-month high on Friday after China said it was considering trade talks with the US, boosting hopes that tariffs will be eased.

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