ONLY webinars - visit ONLY webinars - visit
Advanced Search
Home / News / Company News
Company News

FGB Acts As Joint Financial Advisor To NMC Health For The Acquisition Of A Majority Stake In Fakih IVF
(10 January 2016)


One of the leading banks in the UAE, acted as Joint Financial Advisor on behalf of NMC Health, for the acquisition of a 51% shareholding in Fakih IVF Group for USD 189 million.

The successful execution of this landmark transaction in UAE's burgeoning healthcare sector will further reinforce FGB's reputation and positioning in the Corporate Finance Advisory market. This is a significant transaction for the FGB Corporate Finance team which successfully advised NMC on all aspects of the transaction; from business plan validation, valuation, transaction structuring and board presentation to the negotiation of transaction documents.

NMC Health is the largest UAE private healthcare network, whilst Fakih IVF is the UAE market leader for in-vitro fertilisation (IVF) services, performing over 4,000 IVF cycles per year, and home to the only full service genetics laboratory in the Middle East.

FGB launched the Corporate Finance franchise just over a year ago, and is now proposing a wide platform of Corporate Finance solutions, including M&A advisory (sell-side, buy-side, mergers advisory and cross-border services), equity raisings advisory (Equity Capital Markets and equity Private Placements), as well as strategic and balance sheet advisory services. FGB's Corporate Finance team brings decades of international experience developed with western and regional blue chips.

Simon Penney, Head of the Wholesale and International Banking Group, said: Simon Penney, Head of the Wholesale and International Banking Group, said: "The closing of this landmark transaction demonstrated quickly the right positioning and approach of FGB. It shows the ambitions of our newly created and growing Corporate Finance Department where M&A, ECM and Advisory allow us to develop dialogue at a strategic level with our clients. It reflects the significant progress we've made in the short time since our Corporate Finance Department was established. We're confident that this significant transaction for FGB's Corporate Finance team is one of many more to come; where Corporate Finance is part of a full Wholesale Banking solution to our clients."

We accept Guest Posts

Download the Dubai City Guide iPhone mobile app is owned and managed by Cyber Gear

advertisement info

  All fields are mandatory
Your Name
Your Comments
 Max 250 characters - Word Count :
Image Verification
Change Image


email print

News Alerts
News Alerts
Stay ahead with abu dhabi news
dcg mobile
adcg Mobile
With you wherever you go
rss feed
RSS Feeds
Get the latest
dubai blog
Abu Dhabi Blog
Your space, your voice
ADCG at a glance