Gilbert + Tobin is pleased to have advised LifeHealthcare Group Limited (LifeHealthcare) on its A$211 million scheme of arrangement with private equity heavyweight, Pacific Equity Partners (PEP).

Gilbert + Tobin advised LifeHealthcare on the scheme of arrangement that was implemented on Friday 25 May 2018, under which Pacific Health Supplies BidCo Pty Ltd, an entity owned by funds managed or advised by PEP, acquired 100% of LifeHealthcare’s shares.

The scheme of arrangement was overwhelmingly supported with 99.88% of the total votes cast by LifeHealthcare shareholders in the favour of the transaction.

LifeHealthcare is an Australian leading independent medical device distributor over a wide range of high-end products across clinically specialised divisions.

PEP is an Australian-based private equity firm, with approximately A$2.5 billion of funds under advisement.

Gilbert + Tobin partner Tim Gordon said Gilbert + Tobin was pleased to have advised on this important strategic transaction for LifeHealthcare’s shareholders.

“This is a company we have advised since its IPO, so we’re especially proud to have helped implement this fantastic transaction for LifeHealthcare and its shareholders.”

Corporate Advisory partners John Williamson-Noble and Tim Gordon led the team, supported by Litigation partner Crispian Lynch, as well as lawyers Chris Morse, Jenny Leung, Will Ma, Alexandra Whitby, Joshua Ehrenfeld and Carla Corben. 

Gilbert + Tobin also advised LifeHealthcare on its IPO in December 2013.

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