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.