Gilbert + Tobin has advised Johannesburg Stock Exchange-listed Advanced Health Limited (AVL), on the sale of PresMed Australia to ICG.

PresMed Australia is a premium provider of surgical day hospitals with one of the largest networks of ophthalmic surgeons in Australia as well as specialists in other surgical disciplines. The investment will allow PresMed’s management and doctors to grow their platform through acquisitions and the development of additional facilities.

ICG is a leading global alternative asset manager with deep global healthcare experience and in partnering with doctors and healthcare teams. ICG made the investment through its Asia Pacific Fund IV.

G+T’s market leading Corporate Advisory team was led by partner David Josselsohn, with support from special counsel Lloyd Chater, lawyer Rohit Duggal and graduate Katerina Burtaev. The Corporate Advisory team was also supported by specialists throughout the firm. G+T has one of Australia’s most highly regarded corporate and private equity practices with considerable experience working both for and across from private equity sponsors, asset managers and fund managers.

David Josselsohn said “We are pleased to have advised AVL and PresMed on this significant transaction. AVL, management and the doctor-shareholders have built a high quality business and we look forward to seeing it go from strength to strength in this next chapter in partnership with ICG.”

Gilbert + Tobin is a leading Australian law firm, advising clients on their most significant corporate transactions, regulatory matters and disputes. We provide commercial and innovative legal solutions for ASX 100 leading companies, significant private equity sponsors, major infrastructure and services providers as well as government and public authorities across Australia and around the world.

The team is recognised in the leading legal directories, including being ranked Band 1 for Private Equity and Corporate/M&A by Chambers Asia-Pacific, and was awarded Private Equity Legal Adviser of the Year at the 2022 Mergermarket Australian M&A Awards and Transaction Team of the Year at the 2022 Lawyers Weekly Australian Law Awards.

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