Back to the complete issue
Sunday, 31 May 2020

Mediterrania Capital Partners-led consortium buys diagnostics network Metamed from Gulf Capital

M&A WATCH- Mediterrania Capital Partners-led consortium buys diagnostics network MetaMed from Gulf Capital: Ray Lab, which is owned by a consortium of investors led by Mediterrania Capital Partners, has acquired diagnostics imaging network MetaMed — which operates in Egypt, Saudi Arabia, and Jordan — from Gulf Capital, according to an emailed statement (pdf). The statement does not disclose the value of the transaction. The consortium includes Cairo Scan, Germany’s DEG, Dutch development bank FMO, France’s Proparco, and the EBRD

Advisors: HC Securities & Investment, Gibson Dunn & Crutcher, and Matouk Bassiouny acted as advisors to Gulf Capital. Zaki Hashem & Partners provided legal counsel to Ray Lab, Mediterrania Capital Partners, and Cairo Scan, and conducted legal due diligence in Egypt. Deloitte, Efeso, ERM, Zu’bi Advocates, Covington, Carey Olsen, Zammit Pace and FJVA, Dentons, and Cuatrecasas did due diligence.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.