B Healthcare Investments now owns a controlling stake in Egyptian IVF Center
B Investments subsidiary B Healthcare Investments has completed the acquisition of a 51% stake in the Egyptian IVF Center in an EGP 126 mn transaction, according to a disclosure to the EGX (pdf). The acquisition wrapped after securing regulatory approvals, B Investments IR head Omar El Labban told Enterprise. Procedures began in December for the acquisition, which marked the first venture for B Investments’ 100%-owned healthcare company after it launched last year.
Advisors: Zaki Hashem & Partners was the buy-side counsel, while Bahaa-Eldin Law Office acted as sell-side counsel. Beltone Financial brokered the transaction, El Labban confirmed to us.
B Healthcare Investments is studying up to EGP 200 mn worth of new acquisitions in the fertility treatment sector, after its parent company committed the capital, El Labban said, without naming the firms under consideration.