Gulf Capital to make fertility investment

Fertility_treatmentAbu Dhabi-based buy-out company Gulf Capital is set to make it second biggest private equity investment after splashing out more than $100 million to acquire a fertility treatment provider. IVI-RMA Middle East is the fastest growing fertility business in the region and the acquisition will see it spun off from its Spanish parent company. In addition to the $100 million spent to acquire the business, Gulf Capital will also allocate a further $509 million to fund IVI-RMA’s expansion plans and its aim to build further clinics in Asia and Europe. The fertility services provider currently operates three clinics in the Middle East, in Abu Dhabi, Oman and Dubai as well as a regional base within Dubai’s DMCC free zone. The Middle East-based clinics currently generate less than $50 million in revenue through undertaking more than 2,000 IVF treatment cycles per year with a profitability rate between 20 and 25%. “What we are trying to do in the next five years is to grow the business north of $200 million.,” said Gulf Capital chief executive Suresh Soni. ©2020 funds global mena

Executive Interviews

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

Jan 04, 2019

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

Jun 13, 2018

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...


ROUNDTABLE: Hooked to the global caravan

Jan 04, 2019

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’

Jun 13, 2018

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.