Healthcare Deal

Buddle Findlay recently advised Australian private equity firm The Growth Fund and other shareholders on the sale of Obex Medical Holdings to Bunzl plc.  Obex is a medical distribution business providing healthcare equipment and devices to hospitals and other healthcare providers in New Zealand, with revenue in 2020 of NZ$51m.  Bunzl is a specialist international distribution and services company listed in the UK.   

The Buddle Findlay team was led by corporate partner Grant Dunn and included Miriam Andrews, Tony Wilkinson, Benjamin Sutton, Amy Goatley, Maria Clezy and Jessica Seo.

"We are delighted to have worked alongside The Growth Fund, Obex management, PwC and EY to complete a successful exit for all shareholders" - Grant Dunn

The healthcare M&A transaction comes off the back of the recently announced acquisition of up to 60% of Pacific Radiology Group by Buddle Findlay client, Infratil.