DPI makes largest healthcare investment of its kind in Egypt
Africa focused, multi-strategy private investment firm, Development Partners International (DPI), and co-investors, are taking a US$190m minority stake in Alameda Healthcare, Egypt’s leading private healthcare group, to accelerate Alameda’s expansion within the country and across the Gulf Cooperation Council (GCC) region.
Proceeds from the largest healthcare investment of its kind in Egypt to date will be used to expand Alameda’s footprint and capacity, invest in advanced technologies, and scale the group’s Centers of Excellence.
“This is a milestone transaction for Egypt and for DPI,” said Ziad Abaza, partner at DBI.
DPI and its partners will collaborate closely with Alameda Healthcare’s executive team led by chairman Dr Fahad Khater, who retains his position as the majority shareholder.
“This investment will allow us to expand access to high-quality healthcare across Egypt, especially in underserved areas, while increasing our capacity to serve more patients,” said Khater. “It also enables us to invest in training and development, helping to retain and attract top medical talent and reverse the brain drain of Egyptian doctors and nurses.
“By enhancing Egypt’s position as a destination for medical value travel, we aim to strengthen the country’s role as a regional hub for world-class healthcare services. With DPI’s specialist regional and healthcare experience we are ideally positioned to launch into our next phase of expansion across the KSA, UAE and other GCC markets.”
Established in 1999, Alameda is Egypt’s largest hospital operator with more than 1,000 beds. The group operates a range of services across the healthcare sector.
EFG Hermes acted as sole M&A financial advisor on the transaction. Addleshaw Goddard acted as international legal counsel, while ALC Alieldean Weshahi & Partners and Matouk Bassiouny & Hennawy as local legal counsels to Alameda. White & Case acted as international and local legal counsel to DPI. PwC, Debevoise & Plimpton and Rothschild & Co were also members of DPI’s consortium of advisors.