Processing timeline
21
days
Acquirer(s)
Genea Bidco SA Pty Ltd ACN - 695 694 458
Target(s) or Vendor(s)
EMBRACE FERTILITY PTY LTD ABN - 84 135 918 580, Histon Nelson Pty Ltd ACN - 144 914 965
Other parties
Fertility SA Pty Ltd ACN - 147 408 857, Genea HoldCo SA Pty Ltd ACN - 695 660 701, JOEY HOLDCO PTY LTD ABN - 37 658 985 276, ADORA HOLDCO PTY LTD ABN - 66 657 708 819
Genea Holdco SA Pty Limited, through Genea Bidco SA Pty Ltd, acquires 100% of the shares in Embrace Fertility Pty Ltd. This share acquisition in the IVF and fertility services sector in Adelaide, South Australia, sees Embrace Fertility's owner gain a minority equity interest in Genea, which operates Fertility SA.
Genea Holdco SA Pty Limited ( Genea ) (via a newly created special purpose vehicle Genea Bidco SA Pty Ltd) proposes to acquire 100% of the shares in Embrace Fertility Pty Ltd ( Embrace Fertility ). In return, the owner of Embrace Fertility will hold a minority equity interest in Genea (the Acquisition ). Genea owns and operates an IVF and fertility business called Fertility SA that provides assisted reproduction services via a clinic in Adelaide, South Australia, as well as clinics in other states. Embrace Fertility is an independent gynaecology and IVF and fertility business providing assisted reproduction services in Adelaide, South Australia. Historically, Repromed has provided laboratory services to Embrace Fertility, however, Genea would provide these services going forward. The parties overlap in the supply of IVF and fertility services in Adelaide, South Australia.