| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 11 June 2026 |
| Pathway | Significant business assets - Primary consent |
| Investment | Acquisition of 100% of the issued share capital in Image Holdco Pty Ltd for consideration exceeding $100 million |
| Consideration | $248,801,000 (New Zealand assets) |
| Applicant | Kent Image Australia Pty Ltd United States of America 29% United Kingdom 26% Hong Kong 5% Singapore 4% Various 36% |
| Vendor | Image UK Holdco II Limited and the other shareholders listed in Schedule 1 to the Share Sale Agreement A company ultimately owned by overseas investment funds advised by Permira, a global private equity firm founded in Europe; a limited partnership from Guernsey; and certain I-MED Group senior management and specialist radiologists from Australia and New Zealand. |
| Background | The Applicant is ultimately owned by Jardine Matheson Holdings Limited, a Bermuda‑incorporated, Asia‑focused investment holding company that owns and manages a diversified portfolio of major businesses across property, retail, automotive, infrastructure, and financial services sectors. Through this transaction the Applicant is acquiring 100% of the shares in I-MED, a diagnostic imaging network with operations in Australia, New Zealand and the United States. Consent was granted as the national interest test was met. |
| More information | Philip Ascroft Chapman Tripp (Auckland) PO Box 2206 Auckland 1140 |