DLA Piper advises Mediclinic & GFH Financial Group

DLA Piper has advised Mediclinic Middle East, one of the largest private health care providers in the United Arab Emirates, on its acquisition of two Dubai-based health clinics from Majid Al Futtaim Healthcare.

Mediclinic will acquire City Centre Clinic Deira, a large outpatient facility opened in 2013, with two day-care surgery theatres and 18 medical disciplines, and City Centre Clinic Me’aisem, a smaller community clinic focussing on six core disciplines. The transaction is subject to regulatory approvals.

Mediclinic Middle East is part of Mediclinic International, one of the top 10 listed private hospital groups in the world.

The DLA Piper team was led by Dubai-based Corporate partner Richard Hughes, assisted by legal consultant Natalia Tombs.

DLA Piper has also advised Bahrain-based investment group, GFH Financial Group B.S.C., on its acquisition of 85 per cent of incentives provider and lifestyle app, the ENTERTAINER.

Founded in the UAE in 2001 and with a turnover of over AED130 million, the ENTERTAINER has grown to become one of the region’s most popular apps, providing offers and savings on dining, travel, lifestyle and entertainment experiences around the world. The app has seen over 5 million downloads in 15 countries across the Middle East, Europe, Asia and Africa. Last year, users saved over $150 million at their network of 10,000+ merchant partners.

Completion of the transaction will result in the exit of existing investors, with founder Donna Benton continuing as one of the key shareholders and chairman.

The DLA Piper team was led by Dubai-based Corporate partner Richard Hughes, with assistance from legal director, Iain Skinner, legal consultants, Natalia Tombs and Katherine Werren, and trainee legal consultant, Fraser Grant. Curtis, Mallet-Prevost, Colt & Mosle LLP advised the ENTERTAINER shareholders on the acquisition.