TLA represents Fakih IVF’s shareholders in the sale of a 51% stake of their fertility and in vitro fertilization (IVF) business to NMC Health PLC, a UK listed international healthcare providerNovember 2015
The law firm of Tribonian Law Advisors (TLA) announces that it represented the shareholders of Fakih IVF Group (“Fakih IVF”) in the sale of a 51% stake to NMC Health PLC, a FTSE 250-listed major international private healthcare provider, for USD 189 million.
Fakih IVF opened the first private IVF center in Dubai in 2011 and operates today as one of the leading infertility, gynecology, obstetrics and IVF centers in the region, offering a full service genetics laboratory in the United Arab Emirates, with plans to expand in Oman, Qatar and other GCC countries.
“We are delighted to have had the chance to play a role in this landmark healthcare transaction in the Middle East, seeing the joining of forces between two of the most innovative players in the medical space in the region; this consolidation will create synergies and drive for further expansion in the in vitro fertilization sector which has great potential for further development in this part of the world,” commented Rindala Beydoun, the firm’s managing partner.
The TLA team was led by the firm’s managing partner, Rindala Beydoun and partners Carlo Pianese and Emile Boulos, who were assisted by associates Jihad Harfouche, Cynthia Maroun and trainee Andrew el Khoury.