International investment bank DC Advisory has advised iCON Infrastructure on a financing package to support Alliance Medical Italy, one of the leading private providers of diagnostic services in Italy.
In October 2023, ICON Infrastructure Partners VI, a fund managed by iCON Infrastructure, agreed to acquire Alliance Medical Group (AMG) from Life Healthcare Group Holdings for approximately £590 million ($778 million). The transaction closed in January 2024.
Due to the different business models, funding requirements and functional currencies within AMG, iCON chose to raise three separate financings for the company’s operations in the United Kingdom, Ireland and Italy: Alliance Medical UK, Alliance Medical Ireland and Alliance Medical Italy.
DC Advisory was appointed as exclusive financial adviser to refinance Alliance Italy.
The bank leveraged its extensive knowledge of the healthcare-infrastructure sector to run a comprehensive financing process and has