
Apposite sells Cancer Partners UK
Healthcare-focused private equity firm Apposite Capital has sold Cancer Partners UK to GenesisCare, an Australian provider of radiotherapy services.
Apposite backed the creation of Cancer Partners UK in April 2006, providing venture financing to the company. Since then, Apposite has supported the company in building up the management team and financing the roll-out of eight cancer centres across the UK.
Company
Established in 2006, Cancer Partners UK provides radiotherapy treatments for cancer. The company focuses on up-to-date radiotherapy technologies and techniques.
Its radiotherapy centres are operated in partnership with private hospitals, located in Birmingham, Elstree, Guildford, Nottingham, Portsmouth and Southampton. The company also operates outpatient treatment centres in Milton Keynes and Oxford.
Cancer Partners UK employs 160 people.
People
David Porter is managing partner of Apposite and served on the company's board, alongside partner Steve Adkin. Steve Bird is CEO of Cancer Partners UK.
Advisers
Vendor – Rothschild (Corporate finance); Berwin Leighton Paisner (Legal).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater