DPI in $190m Egypt private healthcare deal
DPI, through funds it advises, and co-investors, have signed an investment in Alameda Healthcare
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Development Partners International (DPI), through funds it advises, and co-investors, have signed a binding agreement for a $190 million minority stake investment in Alameda Healthcare, a private healthcare group in Egypt. The transaction, which is primarily a capital increase, is subject to obtaining the relevant regulatory and other approvals and is expected to close in Q3 2025.
This new funding is anticipated to accelerate Alameda’s expansion both within the country and across the Gulf Cooperation Council region.
DPI and its partners will collaborate closely with Alameda Healthcare’s executive team led by the chairman, Dr. Fahad Khater, who retains his position as the majority shareholder.
Established in 1999, Alameda is Egypt’s largest hospital operator, with more than 1,000 beds. The group provides a broad range of healthcare services, including two tertiary care hospital brands – As-Salam International and Dar Al Fouad – as well as seven polyclinics across the country. It also operates the Elixir Gastro and Liver Care Center, a specialised facility for gastroenterology and liver treatment; the German Rehabilitation Center for physiotherapy; and Tabibi 24/7, a home-based family healthcare provider. Additional services include in-house diagnostic centres, medical laboratories, and pharmacies.
Ziad Abaza, partner at DPI said: “This is a milestone transaction for Egypt and for DPI. We’re delighted to be supporting Dr. Fahad Khater and his mission of delivering world-class healthcare across Egypt and the GCC. We look forward to working closely with our partners and Alameda’s management team to continuing growing our family of hospitals and delivering excellent care to patients.”
EFG Hermes acted as the sole M&A financial advisor on the transaction. Addleshaw Goddard LLP acted as international legal counsel, while ALC Alieldean Weshahi & Partners and Matouk Bassiouny & Hennawy as local legal counsels to Alameda Healthcare. White & Case LLP acted as international and local legal counsel to DPI. PwC, Debevoise & Plimpton LLP and Rothschild & Co. were also members of DPI’s consortium of advisors.
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