Citadel provides core software for medical specialists and secure records management software, technology and professional services to a diversified set of Government clients in Australia and the UK. Citadel holds long customer contracts, often of three to 10 years in duration. The business employs approximately 375 people.

Citadel operates three core business lines:

• Health software: Market-leading software used in radiology, pathology, oncology and maternity
• Enterprise software: Software used for secure records management, electronic tendering and grants
• Technology & professional services: Professional services, contracting, and AV solutions for secure information networks

Modern Star is the market leading supplier of curriculum aligned educational resources to schools and early learning centres throughout Australia and New Zealand with a 60+ year history in the Australian market. The business supplies a comprehensive range of over 30,000 education products to a highly diversified customer base with the majority of its revenue generated from proprietary or exclusive products.

AutoPacific Group is the leading manufacturer and distributor of towbars, towing solutions, sports bars and related vehicle accessories in Australia and New Zealand, with manufacturing facilities in Australia, New Zealand and Thailand. The business has a strong market position and a diverse customer base of car manufacturers, dealerships, and aftermarket retailers. The core products are highly engineered with the flagship aftermarket brand, Hayman Reese, recognised as the clear market leader in Australia.

Evolution Healthcare is a leading provider of private hospitals and rehabilitation services in New Zealand and Australia. Evolution’s operations include:

• Private Hospitals: Evolution owns or manages a network of private hospital facilities that provide a range of surgical, medical, oncology and diagnostic imaging services
• Rehabilitation Services: Evolution owns a network of rehabilitation clinics in New Zealand under the Proactive banner. Proactive is one of only six businesses contracted to provide return-to-work services by the NZ government
• Mental Health: Evolution owns and manages a day clinic offering consultations for sub-acute mental healthcare.

LifeHealthcare is a leading independent medical device distributor, operating in Australia and New Zealand. The business supplies a diversified product portfolio across multiple therapeutic channels including spine, orthopaedics and neurosurgery, amongst others. LifeHealthcare also provides associated value-added services to suppliers and surgeons, including regulatory management, clinician training and surgical consultation on device selection and application.

LifeHealthcare supplies three key types of products:

• Implantable devices: Replaces, supports or enhances biological structure of the body (e.g. spinal prostheses)
• Non-implantable devices: Consumables used during medical procedures (e.g. surgical instruments)
• Capital equipment: Required for surgical or diagnostic purposes (e.g. Ultrasound, Operating Theatre capital equipment)

LifeHealthcare services a diversified customer base of public and private hospitals, surgeons and medical specialists. The business is supported by a number of global suppliers, with long-standing relationships.

iNova is a leading consumer healthcare company that sells a portfolio of prescription and over-the-counter products in Australia and New Zealand, South Africa and Asia.

The company sells key brands across:

• Prescription products: focus in the weight management, cardiology, dermatology, and pain relief categories
• Over-the-counter products: market leading brands in the throat, cough and cold, and skin care categories.

iNova’s independent sales force covers the GP and pharmacy channels in its key markets.  All product manufacturing is outsourced, as is the majority of pharmaceutical research and development.

The businesses acquired were purchased in equal partnership with The Carlyle Group.

Patties is Australia’s leading provider of frozen savoury and frozen dessert pies, with key products including meat pies, sausage rolls and fruit pies. The company produces three of the five leading pie brands in Australia, and is a major supplier into several channels including grocery, route and foodservice. The company generates annual net sales of more than A$200M.

Iconic brands in the Patties Foods portfolio include FOUR’N TWENTY, Patties, Herbert Adams, Nanna’s and Chef’s Pride. FOUR’N TWENTY has existed in the Australian market for over 50 years. It is the number one branded range of meat pies in Australia across all retail markets including supermarkets, route trade and convenience stores. It is also the number one selling pie at most major sporting venues in Australia.

UP Education is New Zealand’s largest private education provider. It is the rebranded Tertiary Division of ACG following the separation and disposal of the ACG K-12 Schools. UP Education educates ~9,000 students each year, and employs ~1,200 staff across 40 campuses across New Zealand and Australia.

UP Education comprises:

•  Tertiary/Private Training Establishment: UP Education is the largest vocational training provider in New Zealand, educating a mix of local and foreign students coming to New Zealand to attain a globally recognised qualification
•  NZ International: University foundation programmes for international students, supported by exclusive partnership agreements with universities in both Australia and New Zealand.

American Stock Transfer & Trust Company, LLC (AST) is a full-service, tech-enabled professional services firm that helps companies and shareholders across North America maintain momentum through the use of secure corporate data, analytics, advisory services, and a strategic approach to every interaction. AST was originally founded as a transfer agent in 1971. Through organic growth and strategic acquisitions, AST pioneered a new model of integrated services in the industry.

AST affiliates include AST Trust Company (Canada), D.F. King & Co., Inc., and Donlin, Recano & Company, Inc. Together, AST leads the industry with a comprehensive portfolio that includes transfer agent and registrar services, corporate governance and advisory services, issuer and mutual fund proxy services, equity plan solutions, ownership intelligence, restructuring services, and class action and mission critical services.