Brookfield and two other suitors are circling Gulf fertility business Fakih IVF in a deal that highlights how private equity continues to chase speciality healthcare opportunities and other sectors in the Middle East despite the Iran war.
The sale of Fakih IVF, which has also drawn the interest of US buyout firm TA Associates and Indian healthcare chain Cloudnine, could value the fertility specialist at roughly $1bn at the top end of the range, according to people familiar with the discussions.
Investment bank Alantra is steering the sale, which would rank among the largest healthcare deals in the Gulf in recent years, the people said. Discussions are ongoing and no final decision has been made on whether to sell a minority or majority stake, they said.