DFIs agree $108.5m equity financing for Humania hospitals project
Clifford Chance advised three development finance institutions on a $108.5 million equity financing package to private healthcare company Humania to develop greenfield general hospitals in Alexandria and Casablanca.
The financing - led by the International Finance Corporation and including IFU - the Danish Investment Fund for Developing Countries, and France's Proparco, will be used in conjunction with a separate Islamic facility.
Clifford Chance advised the consortium on their investment terms and on the terms of the shareholder arrangements in Humania, which is part of the Bait Al Batterjee Group.
The Clifford Chance team was led by Partner Mike Taylor and Counsel Daniel Boyle, both based in Dubai, with assistance from Mustapha Mourahib, Ouns Lemseffer and Meriem Komiha based in Casablanca.
Abuhimed Alsheikh & Alhagbani Law Firm, in cooperation with Clifford Chance, advised on all Saudi law related matters and were led by Partner Yasser Al-Hussain.
