Global law firm Clyde & Co has advised Younata on the sale of a majority stake in the Kalium group of companies (Kalium), a well-established medical solutions provider in the Middle East and North Africa, to AVIVO Group (AVIVO), a unit of the private equity firm Al Masah Capital.

Clyde & Co advised Younata on all aspects of the deal, up to its successful completion.  The work involved advising in respect of regulatory and other matters in a number of jurisdictions (including the UAE, Saudi Arabia, Qatar and Lebanon) and assisting with the negotiation and conclusion of the definitive legal agreements.

Established 10 years ago, Kalium is one of the leading medical aesthetics solutions providers in the MENA region.  It owns and operates clinics and education institutions and distributes advanced medical equipment, skin care products and aesthetic devices.  Kalium has worked with the region's most renowned aesthetic medical professionals in all aspects of the skin care and anti-aging industry.  AVIVO is a leading healthcare services provider in the GCC and has more than 40 healthcare facilities in MENA with plans to expand to South-East Asia.

"Naji Hawayek, Corporate Partner at Clyde & Co, commented:  "We are very pleased to have assisted Younata in this important and interesting transaction.  We have been very busy in the healthcare space over the past period and this deal is yet another example of our unrivalled experience in M&A in the healthcare sector, in the MENA region."

"Nazih Khattar, a Director of Younata and the Managing Director of Kalium said:  "This is a monumental deal for Kalium which will ensure we can commit to providing the best level of service to the medical aesthetics sector.  We were delighted with the service provided by Clyde & Co. They are truly the 'go to' firm for healthcare M&A in the region. The team's active management of the deal added immense value and enabled us to get a multifaceted deal over the line in a timely manner."

According to Mergermarket, Clyde & Co was the leading legal adviser on M&A deals in the healthcare sector in MENA in FY16 by volume.

The Clyde & Co team was led by Naji Hawayek (Partner) and supported by Munisha Khatwani (Senior Associate) and James Marriner (Associate), all of whom are based in Dubai.