Acquisition by Abraaj Group of the Polyclinic Taoufik

Advising Group Bouchamaoui within the acquisition by Abraaj Group of Polyclinic Taoufik elected in 2014, the second largest polyclinic in the country with more than 200 beds.

The firm assisted Bouchamaoui Group within the completion of a legal vendor due diligence and provided legal assistance for the drafting and negotiation of the term sheet and the share purchase agreement and other legal and corporate documentation of the transaction as well as the closing.

A special focus has been made to the foreign investment involvements due to the fact that the transaction extends to 100% of the share capital of Polyclinic Taoufik. An assessment of the investment was made by the High Commission for Investment (CSI) which granted its approval of the entire transaction.