At the Mergermarket Middle East M&A and Private Equity Forum 2017, Chad Floe, Operating Partner & Managing Director Corporate Finance, discussed TVM Capital Healthcare’s successful exit of ProVita International Medical Center, LLC, a long-term medical care provider in the UAE, to NMC Healthcare in August 2015.
Mr Floe said: “The successful exit of ProVita was the result of three key deal drivers: the unique offer of the company; the timing of the transaction; and the strict information flows maintained throughout.”
“At TVM Capital Healthcare, our business model is to identify gaps in the healthcare market, deploy capital prudently, and create value by using our healthcare expertise and global network. ProVita, our most mature portfolio company at the time, created the long-term care market in the UAE. We helped build the business into an attractive proposition and created dynamic tension for the offer through confidentiality and process control. In addition, a lack of exclusivity caused some buyers to drop out during the process, enabling us to refine our target audience and attract the right investor with the same commitment to medical excellence.”
NMC Healthcare purchased 100 percent of ProVita LLC shares for an equity value of US$ 160 million in August 2015.
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