Clifford Chance has advised three international development finance institutions on a US$108.5 million equity financing package to Humania.
Led by the International Finance Corporation (IFC), the other institutions involved in the consortium were: IFU, the Danish Investment Fund for Developing Countries and PROPARCO, member of the Agence Francaise de Développement (AFD) group.
The financing will be used, in conjunction with a separate Islamic facility (on which Clifford Chance advised the lenders), to develop greenfield general hospitals in Alexandria (Egypt) and Casablanca (Morocco), greatly improving the quality of healthcare facilities in these countries.
The Clifford Chance team advised the consortium on their investment terms and on the terms of the shareholder arrangements in Humania.
The Clifford Chance team was led by Partner, Mike Taylor (Picture) and Counsel Daniel Boyle, both based in Dubai, with assistance from Mustapha Mourahib, Ouns Lemseffer and Meriem Komiha based in our Casablanca office.
Abuhimed Alsheikh & Alhagbani Law Firm (AS&H), in cooperation with Clifford Chance, advised on all Saudi law related matters and were led by Partner Yasser Al-Hussain.
Involved fees earner: Yasser Al-Hussain – Clifford Chance; Daniel Boyle – Clifford Chance; Meriem Komiha – Clifford Chance; Ouns Lemseffer – Clifford Chance; Mustapha Mourahib – Clifford Chance; Mike Taylor – Clifford Chance;
Law Firms: Clifford Chance;