Bell Gully leads as European private equity acquires and invests in NZ

Bell Gully was the lead legal counsel of Orion Health Group, which has agreed with Hg on an investment deal.

Hg, a London-headquartered private equity firm with £9bn in assets under management, has agreed to buy a majority of the Rhapsody health business of Orion Health. The PE firm is also investing in Orion Health’s Population Health business.

Orion Health, dual listed on the NZX and the ASX, expects to use a part of the proceeds of the deal on a share buyback plan. Financial details of the transaction were not revealed.