BonelliErede represented the shareholders of Medica Group Holding Inc. in the sale of 70 per cent stake to Gulf Capital

BonelliErede announced that it has represented the shareholders of Medica Group Holding Inc. (“Medica”) in the sale of 70 per cent stake to Gulf Capital, an investment company located in the United Arab Emirates.

BonelliErede and Emirates Investment Bank PJSC acted as Medica’s legal and financial advisors respectively, while Freshfields Bruckhaus Deringer and PWC acted as Gulf Capital’s legal and financial advisors respectively.

Elias Chabtini, CEO and co-founder of Medica, said, “We are excited to embark on this new chapter in Medica’s journey alongside Gulf Capital, a firm with a wealth of experience and operational expertise that will support our expansion and growth plans. Our partnership with Gulf Capital is a major step towards reaching our goal of becoming the leading player in emerging markets as we expand across new geographies and complement our portfolio offerings with leading technologies across all aesthetic verticals.”

Dr. Karim El Solh, chief executive officer of Gulf Capital, said, “We are delighted to partner with Medica, the leading aesthetics and cosmetics service provider in the Middle East and are excited to fund its ambitious growth and future expansion plans across emerging markets. Medica’s track-record is one of continuous innovation and growth, and it has demonstrated its ability to pioneer aesthetics and non-invasive procedures in the Middle East for over 20 years. This investment in the dominant market leader gives Gulf Capital a strong exposure to the fast-growing aesthetics and cosmetics sectors and allows us to capitalise on the growing consumer and healthcare trends in the region.”

Rindala Beydoun, managing partner of BonelliErede Middle East concluded, “We feel honored and proud to have advised Medica on this significant transaction representing the sale of its 70 per cent stake to Gulf Capital. Our team’s strengths in M&A and private equity, allowed us to face the transaction’s challenges smoothly, resulting in the successful closing of the deal”.

The BonelliErede team was led by the firm’s managing partner Rindala Beydoun and local partners Carlo Pianese and Emile Boulos who were assisted by associates Celine Bsaibes and Shiladitya Majumdar.