Gulf Capital Sells Stake in ART Fertility Clinics to IVF-Worldwide
Gulf Capital announced yesterday the sale of its stake in ART Fertility Clinics in the Middle East to IVF-Worldwide. This transaction is expected to yield significant returns on investment, positioning it as one of Gulf Capital’s most successful exits to date.
Transformation Under Gulf Capital
During Gulf Capital’s ownership, ART transitioned from a healthcare entity operating in the UAE into a prominent regional platform for infertility treatments, now comprising 15 clinics. This includes three clinics in the UAE, one in Saudi Arabia, and eleven in India.
Details of the Transaction
The sale encompasses clinics located in the UAE and Saudi Arabia, while Gulf Capital will maintain ownership of the Indian facilities. Since 2020, ART Fertility Clinics have experienced substantial growth in revenues and earnings before interest, taxes, depreciation, and amortization (EBITDA), with profitability quadrupling over the past five years in the Middle East alone.
Comments from Gulf Capital
Dr. Karim Sadek, co-founder and CEO of Gulf Capital, stated, “The successful sale of the business—following a competitive bidding process—to a global strategic buyer highlights Gulf Capital’s capability to acquire and develop healthcare platforms, as well as exit with highly attractive multiples.”