Published: December 20, 2014
Private-equity firm buys holding in Egyptian medical test company from Abraaj.
Egypt's largest private-sector healthcare diagnostics services company has received an investment from Actis, a private-equity firm focused on emerging markets.
The deal gives Actis a 21% stake in Integrated Diagnostics Holdings (IDH), which serves 6mn patients and conducts more than 19mn tests per year. The company was formed in 2012 through the merger of Al Mokhtabar and Al Borg Laboratories, in 2012. The sake has been sold by The Abraaj Group, a Dubai-based investment firm, which backed Al Borg in 2008.