Nov 21 2010
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TVM Capital MENA Brings Nobel Prize Winning IVF Facility to Middle East
The founders of Bourn Hall are the inventors of IVF, after pioneering the first birth of child conceived using IVF in 1978. Last month it was announced that Bourn Hall founder Dr Bob Edwards has been awarded the 2010 Nobel Prize in Medicine for the invention.
The investment in Bourn Hall International marks the second investment by private equity firm TVM Capital MENA in the last four months; the previous being Pro Vita, the first long-term care and rehabilitation facility for patients requiring ventilator support in the UAE. "Both deals are consistent with TVM Capital MENA 's strategy for involving leading global operators to provide unique and specialized healthcare services in the Middle East" said Dr. Helmut M. Schuehsler, Chairman and CEO of TVM Capital MENA . Bourn Hall is synonymous with IVF on a global scale and pioneered most of the standard treatment protocol procedures adopted worldwide.
TVM Capital is the first global private equity firm with a focus in healthcare and life sciences to establish operations in the MENA. It held the first closing of its shari'a-compliant, MENA focused healthcare private equity fund in February 2010.The Bourn Hall International investment was syndicated with leading regional generalist investors, a testament to TVM Capital's growing reputation as the forerunning healthcare PE firm in the region.
Dr Mike Macnamee, Chief Executive, Bourn Hall said, "We have been working in close partnership with TVM Capital for the last year for the launch of the first international expansion of Bourn Hall. We are truly pleased to have had the opportunity to match our strong brand and excellent team with the leading health care private equity operator in the MENA region."
TVM Capital MENA Ltd. is a private equity firm focusing on investments in health care in the Middle East and North Africa (MENA). TVM Capital MENA operates out of the Dubai International Financial Center and is licensed and regulated by the DFSA.
The team of TVM Capital MENA is affiliated to the international Healthcare and Life Sciences Practice of TVM Capital. A global leader in healthcare investments, the TVM Capital Health Care and Life Science Practice currently manages US$1.1bn of committed capital. The investment professionals of the Practice draw upon the expertise, experience, international approach and demonstrated success of 115 previous investments, 37 initial public offerings of portfolio companies on Nasdaq, and the London, Frankfurt, Zurich and Vienna Stock Exchanges, as well as 24 trade sales. The team combines long-standing international investment experience and operating track records with extensive networks in and knowledge of the MENA region. More information please visit: www.tvm-capital.ae
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