RIYADH — Jadwa Investment, a leading regional investment management and advisory firm, on Tuesday announced the completion of four bolt-on acquisitions for three of its private equity portfolio companies in 2018. All four transactions were in the healthcare sector, spanning medical supplies, dental services, and IVF fertility services, with an aggregate value of over SR350 million.
The largest of the four bolt-on acquisitions was a cross-border transaction into the Saudi healthcare market. United Eastern Medical Services, a private equity portfolio company of Jadwa Investment and a leading UAE-based healthcare group, completed an investment into a Saudi dental services operator as part of its plans to expand its footprint into Saudi Arabia.
Tariq Al-Sudairy, Managing Director and CEO of Jadwa Investment, said: “As part of our ongoing efforts to add real value to our private equity investments, we are proud to have supported our portfolio companies in negotiating and executing four important acquisitions during 2018. These acquisitions are a reflection of our value creation strategy to capture inorganic growth opportunities, realize business synergies, and enable our regional partners to access the Saudi market. Such initiatives are part of our unwavering commitment to deliver distinctive investment performance to our clients.”
Saad Al-Saif, Managing Director and Head of Private Equity and Investment Banking at Jadwa Investment, said: “Since 2007, private equity investments has been one of Jadwa’s main areas of focus. We focus on investing in privately held companies with reputable partners, strong market position, and great growth potential in their respective sectors. So far, Jadwa has invested around SR6 billion across 11 private equity transactions.” He continued: “Our investment philosophy consists of three important principles; we invest with the right partners, we invest for the long-term, and we add value in our areas of expertise.” — SG