|07 February, 2020

Allen & Overy advises Gulf Capital on its acquisition of IVI-RMA Middle East

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

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.

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.

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).

Dubai-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.  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.”

The A&O team supporting David comprised associates Trevor McCabe, David McGuinness, trainee Claudia Barry and legal administration manager Mahmoud Kherallah.  Abu Dhabi-based partner Tom Butcher and associate Jamie King provided specialist IP advice.  London-based partner Paul McCarthy and senior associate at Peerpoint Jessie McDonald provided advice on employment-related matters.

For further information, please contact Sally Praveen, sally.praveen@allenovery.com , on +971 4 426 7100.

Ends

Allen & Overy means Allen & Overy LLP and/or its affiliated undertakings. Allen & Overy LLP is a limited liability partnership registered in England and Wales with registered number OC306763. Allen & Overy LLP is authorised and regulated by the Solicitors Regulation Authority of England and Wales.

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. 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.

Allen & Overy is an international legal practice with approximately 5,500 people, including some 550 partners, working in more than 40 offices worldwide. A current list of Allen & Overy offices is available at allenovery.com/locations

www.allenovery.com 

© Press Release 2020

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. 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. 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. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases