Gulf Capital sells Metamed to consortium

Gulf Capital, the UAE-based private equity firm, has sold medical services company, Metamed, to a consortium of international investors in a deal reportedly in excess of $100m. The deal also includes a “capital injection to accelerate the execution of the business plan,” according to a statement from one of the members of the Malta-based consortium, Mediterrania Capital Partners (MCP). Metamed is one of the Mena region’s largest diagnostics providers. It was founded in 2009 by Gulf Capital Private Equity Partners as Technogroup Investments Holdings with the mission of investing in diagnostic imaging and related technology. After a series of acquisitions, Metamed now runs twenty-seven diagnostic imaging centres across Egypt, Jordan and Saudi Arabia. According to MCP partner Daniel Vinas, the combination of Metamed with Cairo Scan, an Egyptian diagnostics provider in which MCP acquired a stake in 2018, will “create one of the largest diagnostics imaging platforms in emerging markets. Gulf Capital, meanwhile, is currently looking to divest its holdings in mature assets in order to diversify its portfolio. In January 2020 Gulf Capital spent more than $100 million to acquire a Mena-based fertility treatment provider IVI-RMA Middle East. © 2020 funds global mena

Sponsored Profiles

There’s no doubt that Africa has been seen increasingly as an attractive prospect for inbound investment in recent years, with investors seeing real potential in the continent, particularly in the private equity, infrastructure and real estate asset classes, as it experiences strong economic growth.

Plausible explanations exist for why low-volatility stocks perform better than their high-volatility counterparts.

Aberdeen Asset Management has set up its first Middle East office in the newly established Abu Dhabi Global Market. Andrew Paul, senior executive officer, explains why.

A recent sovereign bond issue from Saudi Arabia underlines the appeal of emerging market investing. What must investors consider when allocating to this asset class? Firas Mallah of BMO Global Asset Management shares his views.

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

EXECUTIVE INTERVIEW: A natural interest in the topic

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.


South Africa asset management roundtable: Global rebound on ice

Experts discuss the investment implications of the coronavirus pandemic, a delayed rebound in global growth and dealing with South Africa’s energy issues head on. Chaired by Romil Patel in Cape Town.

South African roundtable: Taking the bull by the horns

Our panel discusses Chinese investment in Africa, financial institutions’ contribution to economic sustainability and regulatory concerns. Chaired by Romil Patel in Cape Town.

ROUNDTABLE: Hooked to the global caravan

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.

MENA ROUNDTABLE: ‘The story is about reforms’

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.