ASAR – Al Ruwayeh & Partners Acting as Local Legal Counsel of the Fajr Capital- led Consortium’s Acquisition of a 65% stake in Aster DM Healthcare FZC in Bahrain.

We are excited to announce our role as local legal counsel, in support of Allen and Overy as lead counsel, in advising the Fajr Capital-led consortium, which includes Emirates Investment Authority, Al Dhow Holding Company (the investment arm of AlSayer Group), Hana Investment Company (a subsidiary of Olayan Financing Company) and Wafra International Investment Company, on Bahrain-related aspects of their acquisition of a 65% stake in Aster DM Healthcare FZC, the holding company overseeing Aster DM Healthcare’s operations in the GCC region.

Aster DM Healthcare’s board of directors approved the separation of its India and GCC businesses into two distinct and standalone entities, subject to regulatory and corporate approvals, including shareholder consent. This restructuring will see the Fajr Capital-led consortium assuming a 65% stake in Aster GM Healthcare, while the Moopen family, founders of Aster DM Healthcare, will retain a 35% stake and continue the managing and operating of the GCC business.

Our team, comprising of Steve Brown (Of Counsel), Sherif Saad Eldin (Senior Associate), Rahul Sud (Senior Associate) and Ahmed Saeed (Associate), provided guidance on navigating the intricacies of Bahrain Law related to the acquisition. We addressed regulatory concerns, advised on the deal structure and post-acquisition steps from a Bahrain law perspective. Additionally, we conducted high level due diligence on the Bahraini subsidiary, Aster DM Healthcare W.L.L. and its owned medical clinics, providing effective support to our clients throughout the process.

Go Further with ASAR.

#ASAR #BahrainLaw #GoFurther #M&A #InvestmentLaw #Bahrainbusiness #Healthcare #MENA