GulfBase Live Support
Investcorp, a leading global provider and manager of alternative investments, on Tuesday announced that it has established a platform to enter the highly fragmented German dental sector.
As its initial investment, Investcorp has acquired Privatzahnarztklinik Schloss Schellenstein (PSS), one of the leading centres for implantology and dental surgery, which attracts both domestic and international patients and is based in North Rhine-Westphalia, Germany.
PSS employs around 40 people including dentists, dental nurses and technicians and is led by Professor Dr Fouad Khoury. The deal follows Investcorp’s recent acquisition of Acura Kliniken, a licensed hospital in Albstadt, Germany.
Following the acquisition of PSS, the platform intends to make further investments in the highly-fragmented German dental market as part of a wider consolidation strategy. With a 30-year track record of building and growing quality businesses, a key tenet of the strategy is a commitment by Investcorp to fund future investment in accessible and qualitycare delivered across the dental market across Germany.
Commenting on the investment, Harsh Shethia, Managing Director at Investcorp in Oman, said: “The launch of this platform investment is an exciting milestone for Investcorp in Germany. Our experience in the market has allowed us to identify growth opportunities in the German dental sector, and through the PSS and Acura Kliniken acquisitions, we have already started setting the foundations for a successful dental business in the country." "We look forward to embarking on this new journey as we continue to explore further strategic acquisitions and partnerships for the business,” he added.
Times of Oman
Investcorp, a global provider and manager of alternative investment products, announced that Dr Ann-Kristin Achleitner, a business economist and Professor of Entrepreneurial Finance Studies at the Te
Times of Oman
Investcorp, a leading provider and manager of alternative investment products, announced that its U.S. based real estate arm invested in four individual rental apartment communities with 1,573 units
Investcorp, a global provider and manager of alternative investment products, is set to build a new landmark hospital complex on Reem Island at Abu Dhabi in partnership with Vamed, a global provider
Du, the UAE's second-biggest telecoms operator, reported a 1.3 per cent increase in second-quarter net profit on Thursday, as total revenues rose The Dubai-based operator made a net profit after roy
United Development Company (UDC), the master developer of The Pearl-Qatar, has posted a QR279mn net profit on revenues of QR889mn for the first half of the year.
The net profit attributabl
Dubai Islamic Bank (DIB), the United Arab Emirates' largest sharia-compliant lender, posted a 14.6 per cent increase in second-quarter net profit on Wednesday as income from Islamic financing and inv
Times of Oman
Saudi Electricity Co has recently discussed with a group of international banks its plan to issue a US dollar-denominated bond, sources familiar with the matter said.
The state-controlled u
Mashreq has posted first-half 2018 net profit of Dh1.2 billion up 5.2 per cent compared to Dh1.1 billion in the same period in 2017. For the second quarter of this year the bank reported a net profit