Jadwa Investment, a Riyadh-based investment management and advisory firm, completed four bolt-on acquisitions, worth SAR 350 million ($93 million), for three of its private equity portfolio companies in 2018, it said in a statement on Tuesday.
All four transactions were in the healthcare sector, spanning medical supplies, dental services, and IVF fertility services.
The largest of the four bolt-on acquisitions was a cross-border transaction into the Saudi healthcare market. United Eastern Medical Services, a private equity portfolio company of Jadwa Investment, completed an investment into a Saudi dental services operator as part of its plans to expand its footprint into the Kingdom.
“Since 2007, private equity investments have been one of Jadwa’s main areas of focus. We focus on investing in privately held companies with reputable partners, strong market position, and great growth potential in their respective sectors,” said Saad Al-Saif, managing director and head of private equity and investment banking at Jadwa Investment.
So far, Jadwa has invested around SAR 6 billion across 11 private equity transactions.