Emirates Investment Bank (DFM: EIBank), a client-focused, independent private and investment banking boutique headquartered in Dubai, acted as sole financial advisor to the shareholders of KALIUM Group (“Kalium”) on the sale of a majority stake in Kalium to AVIVO Group (“AVIVO”). Kalium is one of the leading distributors of advanced Medical Equipment, Skin Care Products and Aesthetic Devices in the Middle East region with four premium medical aesthetic clinics in Dubai. AVIVO is a healthcare services provider in the Middle East and North Africa region and through this acquisition increases its network to 43 healthcare entities across eight major cities in the MENA region.
Husam Kutaifan, Head of Investment Banking at Emirates Investment Bank, said, “I would like to congratulate Kalium on the completion of this deal, which will provide the ideal platform for the company to pursue a number of growth opportunities. The healthcare sector in the GCC is undergoing significant change and companies need to ensure they are prepared for the new dynamic. Emirates Investment Bank advises a number of companies within the healthcare sector, and we are well-placed to help our clients raise capital and achieve their strategic growth ambitions.”
Established in 2006, Kalium is a well-respected and highly experienced, evidence-based medical solutions provider in the Gulf and Levant regions, providing medical professionals with the most effective and reliable aesthetic solutions. It is one of the leading distributors of USFDA approved and/or CE marked advanced Medical Equipment, Skin Care Products and Aesthetic Devices in the Middle East region. In addition Kalium also operates four premium medical aesthetic clinics in Dubai under the Aesthetica and Dermalase brands.
Established in 2010, AVIVO Group has grown to be one of the most trusted and leading healthcare service provider in GCC with presence in Abu Dhabi, Dubai, Sharjah and Kuwait. AVIVO Group delivers the highest quality healthcare services through Hospitals, Medical Centers, Specialty Centers, Diagnostic Centers and Pharmacies.