The Investment in UEMS marks Jadwa Investment’s 10th Private Equity Deal
Riyadh, 30 November 2016: Jadwa Investment, a leading Saudi Arabian investment management and advisory firm, today announced that the Jadwa Healthcare Opportunities Fund 2 has acquired a 42.1% stake in United Eastern Medical Services (“UEMS”), a leading UAE-based integrated healthcare group that specializes in the female and children healthcare segments.
Tariq Al-Sudairy, Managing Director and CEO of Jadwa Investment said: “We are very proud of our partnership with UEMS shareholders and management. The increasing demand in the GCC for more specialized health services presents UEMS with an exciting platform for growth in the coming years. UEMS’ highly qualified management team is ideally positioned to deliver growth and maintain the group’s market-leading position whilst pursuing expansion opportunities across the region.”
Saad Al-Saif, Jadwa Investment’s Managing Director & Head of Private Equity and Investment Banking said: “We are delighted to close our second private equity fund in the healthcare sector. We look forward to working with our UEMS partners and actively contributing to UEMS’ growth plans in Saudi Arabia and the region.”
UEMS’ MD & CEO, Mohammed Al Shorafa commented: “We believe that Jadwa Investment’s participation as a shareholder, represented by Jadwa Healthcare Opportunities Fund 2, will contribute greatly to UEMS’ future prospects. We intend on leveraging their expertise in strategy, corporate finance, governance and business development to facilitate UEMS’ growth plans moving forward. Additionally, we expect to work with Jadwa Investment in expanding the group’s geographic footprint of specialized health services to include Saudi Arabia and the broader region.”
This announcement marks Jadwa Investment’s tenth private equity deal and follows a series of significant milestones in the company’s private equity business. In 2015, Jadwa Refining Opportunities Fund acquired a stake in Trotters Group, and Jadwa Mechanical Opportunities Fund acquired a majority stake in Riyadh-based Saudi Mechanical Industries. Jadwa Investment has executed more than SAR 5.4 billion worth of private equity transactions across multiple sectors including manufacturing, industrials, waste management, healthcare, hospitality and entertainment, food and beverage, building materials, consumer electronics, and oil & lubricants.