Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. The press release is provided for informational purposes only. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release. This content is provided on an “as is” and “as available” basis and has not been edited in any way. This website is not responsible for, and does not control, such external content. ĭisclaimer: The contents of this press release was provided from an external third party provider. A current list of Allen & Overy offices is available at /locations. A list of the members of Allen & Overy LLP and of the non-members who are designated as partners is open to inspection at our registered office at One Bishops Square, London E1 6AD.Īllen & Overy is an international legal practice with approximately 5,500 people, including some 550 partners, working in more than 40 offices worldwide. The term partner is used to refer to a member of Allen & Overy LLP or an employee or consultant with equivalent standing and qualifications or an individual with equivalent status in one of Allen & Overy LLP’s affiliated undertakings. Allen & Overy LLP is authorised and regulated by the Solicitors Regulation Authority of England and Wales. Allen & Overy LLP is a limited liability partnership registered in England and Wales with registered number OC306763. Īllen & Overy means Allen & Overy LLP and/or its affiliated undertakings. London-based partner Paul McCarthy and senior associate at Peerpoint Jessie McDonald provided advice on employment-related matters.įor further information, please contact Sally Praveen,, on +971. Abu Dhabi-based partner Tom Butcher and associate Jamie King provided specialist IP advice. The A&O team supporting David comprised associates Trevor McCabe, David McGuinness, trainee Claudia Barry and legal administration manager Mahmoud Kherallah. This is an important transaction in the regional healthcare sector, and we are pleased to have played a part in supporting the further growth of a business which helps couples fulfil their dream of starting a family.” This transaction is a relatively rare example in the MENA region of a corporate carve-out (the target business comprises the Middle Eastern clinics of IVI-RMA, the largest IVF service provider globally).ĭubai-based Corporate partner David Foster, who led the A&O team, commented: “We are proud to have supported Gulf Capital on their largest ever equity investment. IVI-RMA Middle East has established itself as the fastest growing IVF service provider in the UAE and Oman and has achieved the highest success rates in the region, with pregnancy and live birth rates that position it within the top quartile globally. IVI-RMA Middle East was launched in 2016.DUBAI - Allen & Overy is advising Gulf Capital, a leading alternative asset management company headquartered in Abu Dhabi, on its acquisition of IVI-RMA Middle East, a group specialising in the provision of assisted reproduction and ancillary services, for over USD100 million. This transaction exemplifies Gulf Capital’s tried and tested strategy of acquiring controlling stakes in market leading companies in high growth sectors.” Dr Karim El Solh, CEO of Gulf Capital, told the media report, “We are thrilled to back the strongest management and medical team within the IVF sector regionally. The fertility sector in the GCC is predicted to grow at more than 15 percent CAGR annually over the next five years. Increased awareness and technological advancements are contributing factors to the fertility sector’s growth in the GCC. The firm has identified major scope in the fertility sub-sector which will become its prime focus in the coming years. Gulf Capital is speeding up efforts in investments in the healthcare sector. The expansion plan will create a new brand identity for IVI-RMA Middle East this year, involving cutting-edge genetic labs in Abu Dhabi. It aims to increase the number of fertility clinics by threefold, the media report said. The group is targeting regional expansion and to Asia and Europe over the next three years. The acquisition will have Gulf Capital own a 100 percent stake in the IVI-RMA’s operations. The investment in the provider marks Gulf Capital’s largest equity investment to date. IVI-RMA Middle East is the fastest growing IVF service provider in the GCC. IVI-RMA is the world’s largest assisted reproduction group. Alternative asset management firm Gulf Capital has acquired IVI-RMA for $100 million, the local media reported.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |