3 February 2021 — Compass, through its M&A advisory arm is pleased to announce that it has served as the sole advisor in the CDC’s strategic investment of EGP1,885 million in Alfa Medical Group (AMG), a leading Egyptian diagnostic and medical care company.
Alfa Medical Group is the largest integrated healthcare provider in Egypt with 140+ diagnostic medical labs, seven radiology centers, as well as 170-bed hospital. The funds will be used to fund the building of new hospitals as well as expansions in the labs and scan business., The Group traces its roots to the El-Safa hospital founded in 1977 by the late Prof. Samir Talaat, followed by Alfa Scan and Alfa Laboratories established over 25 years ago.
CDC Group, the UK’s development finance institution and impact investor, has today announced a EGP1,885 million minority equity investment in AMG alongside healthcare investor Africa Platform Capital, the family office of Simon Rowlands, a leading sector expert with a strong track record in healthcare and former co-founder of the global private equity firm, Cinven, where he led the healthcare team.
“We are pleased to have played a role in this deal which will allow Alfa Medical Group to further expand its business, increase access to medical care and broaden its hospital footprint. This deal is a landmark for the Egyptian healthcare sector and with its closure, Compass Capital has established itself as one of the leading financial advisors in the market”, said Tarek Abdel-Rahman, Compass Capital Managing Partner.
Notes for Editors
Compass is a leading private equity firm focusing on value investing. The firm’s multi-disciplinary team has a long and successful track record of generating attractive investment returns having successfully executed numerous transactions requiring capital flexibility, financial restructuring, and operational turnaround. Compass follows a disciplined investment approach that hinges on defining strategic initiatives, agile implementation of strategy, supporting talented management, and providing required growth capital to drive growth. The company is a principal investor in its own transactions and actively works to ensure that the interests of all stakeholders are aligned in the investments it pursues.
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