Global law firm Clyde & Co has advised IVI Middle East Fertility on the disposal of 100% of its regional operations, including two fertility clinics in the GCC, to leading Middle East alternative asset manager, Gulf Capital, for over USD100 million.
The transaction is a corporate carve-out of the Middle Eastern clinics of IVI-RMA, the largest IVF service provider globally. IVI Middle East Fertility is the fastest growing provider of fertility treatment services in the GCC.
Clyde & Co acted as counsel to IVI Middle East Fertility on all aspects of the deal, including negotiating and drafting the key transactional documents, advising on corporate restructurings, liaising with the sellers and their advisors, and project managing the transaction.
Abhi Jalan, Corporate Partner at Clyde & Co in Dubai, comments: "This is a milestone transaction for IVI Middle East Fertility and illustrates the exponential growth of the IVF market in the region over recent years, growth which we expect to continue in line with increased consumer awareness and technological advancements".
Suresh Soni, Chief Executive Officer of IVI Middle East Fertility says: “We are excited to partner with Gulf Capital as we embark upon the next phase of expansion. This transaction will help accelerate our growth internationally and position us as one of the largest global IVF fertility providers".
The Clyde & Co team was led by Abhi Jalan and Nisha Johar (Associate - Corporate).
Clyde & Co's healthcare practice is one of the busiest in the Middle East. As one of the region's few genuine full service firms, the firm acts as a 'one-stop shop' and advises on a number of significant acquisitions and divestments for listed companies, private equity firms and private healthcare companies.
Clyde & Co has forged a reputation as a go-to firm for M&A and JV transactions, with the largest corporate practice in the Middle East with 25 partners and over 70 experienced lawyers. Clyde & Co has assisted clients in realising their investments, gaining access to new markets through organic growth/strategic acquisitions and in achieving their corporate objectives for 30 years in its key focus sectors.
Clyde & Co has the largest presence and is one of most experienced international law firms in the Middle East with over 48 partners and 400 staff, based full time in Abu Dhabi and Dubai in the UAE, Doha in Qatar, Muscat* in Oman and Riyadh in Saudi Arabia, providing a full-service commercial offering of local specialists across most business sectors and practice areas.
*Office of Fatma Al Mamari Advocacy and Legal Consultancy Firm, in association with Clyde & Co.