Abu Dhabi’s Gulf Capital invests $30mn to support its portfolio firm ART Fertility Clinics

By Shilpa Annie Joseph, Official Reporter
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ART Fertility Clinics
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UAE’s leading private equity firm Gulf Capital is investing $30 million in its portfolio company ART Fertility Clinics in order to support the expansion into India.

Gulf Capital said in a statement that the company’s investment will enable the assisted fertility chain to open 18 clinics across the country in the next 12 months.

“The first two clinics have already opened in Gurgaon and New Delhi, while other clinics will be rolled out in Ahmedabad, Hyderabad, Mumbai, Chennai, Bangalore, Kolkata, and other cities in the coming months,” according to the company.

Gulf Capital has more than $2.5 billion in assets under management through seven funds and investment vehicles. The company intends to grow its investments in the technology and healthcare sectors. Last year, it has spent over $100 million for a majority stake in the Middle East’s leading fertility clinic.

Karim El Solh Image
Karim El Solh
CEO – Gulf Capital

“ART Fertility Clinics is the fastest-growing IVF [In-vitro fertilization] service provider in the GCC, and we are excited to be collaborating with … [the clinic’s] management to take this platform to the next level. The company will launch a $750 million fund next year to invest in sectors, such as technology, healthcare, and health technology. We have done six deals in the healthcare sector, and we wanted to do more, and it is a resilient sector. One thing that really excites us is Health Tech, the intersection of healthcare and technology.”

As per the reports, India’s fertility sector is projected to rise at a rate of 12 percent per year over the next five years due to technological advances in the region.

“We are excited to launch the most advanced IVF clinics in India as we embark on our next phase of expansion and growth,” said Suresh Soni, Global Chief Executive of ART Fertility.

Recently, Gulf Capital has acquired two healthcare technology companies, Eclat Health and Hansei Solutions, for $60 million.

Related: Abu Dhabi’s Gulf Capital buys majority stake in IP service provider CWB