EQT AB (publ) (OM:EQT) is believed to have been shortlisted in the competition to buy Integrated Clinical Oncology Network Pty Ltd. Also thought to have been gunning hard for the $2 billion business and in the final line up is Morrison & Co. Parties interested in buying the operation were understood to have been shortlisted last week after bids were due on September 7. Another party that had earlier been in the mix was Permira Advisers Ltd., but it is believed it is now out of the race. Baring Private Equity Asia had also been a contender, as had Brookfield Asset Management Inc. EQT is advised by Morgan Stanley, while Morrison & Co, which is understood to have been circling the business since the start of the year, has been working with Royal Bank of Canada.

Looking early on had also been Stonepeak Partners LP and OMERS Administration Corp. and Ontario Teachers' Pension Plan Board.