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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."



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