GK Investment explained
GK Investment Holding Group SA is a Lugano-based private equity and investment firm[1] whose primary focus is in the healthcare Real Estate, Private Equity and Consultancy sector. The principal areas of investment interest are in Africa, Europe, and the Middle East.
History
The firm was founded in 2015 by Tunisian businessman Kamel Ghribi.[2] It initially started as a trade facilitating company dealing with the export of commodities such as crude oil, condensate, cotton, phosphates, and coffee from the Middle East and Africa regions for private and public sector clients. The company undertook strategic consultancy mandates to establish industrial projects in high growth markets.
Investments
Gruppo Ospedaliero San Donato (GSD Healthcare) - private hospital group in Italy with 44 hospitals and clinics.[3] GK Investment Holding Chairman Kamel Ghribi is Vice President of GSD Healthcare in Italy and Chairman of GSD Middle East.[4] GSD is currently the largest private healthcare group in Italy with estimated revenues of over €1.7 billion.
NMC Health Bidding
In February 2020, the company confirmed that it will submit a potential bid to acquire UAE-based, $2 billion debt-ridden healthcare company NMC Health.[5] [6] [7] [8] The founder of the NMC Health, B. R. Shetty stepped down from the board due to inaccurate reporting of his holdings.[9]
However, within a month, by March 2020, the company reiterated its stand on investing in NMC Health. It issued a statement that included an offer of only operational support to NMC Health assisting the latter in its continued delivery of healthcare services in Europe, Middle East and Asia.[10] [11]
Philanthropy
- Funding a cardio-vascular department at the Chain of Hope Pediatric Cardiac Center at the Dakar Fann University, Senegal.[12]
- Construction of the National Institute for Cardiovascular Disease in Ibadan, Nigeria.
- Philanthropic sponsorship of numerous foundations, events, gala evenings, and fundraising for a myriad of non-profit organizations such as the CCA,[13] Global Health Pioneer Awards,[14] Middle East Mediterranean Summit,[15] Gulf Africa Decision Makers Forum, and Italian Arab Business Forum.[16]
Notes and References
- Web site: 2020-02-18. Billionaire B R Shetty resigns from Abu Dhabi's ailing NMC Health. 2020-06-22. Deccan Herald. en.
- Web site: Tunisian tycoon calls for EU debt relief, harsher reforms from government AW staff. 2020-06-22. AW. en.
- Web site: Nahyan bin Mubarak receives delegation from GK Investment Holding. 2020-06-22. wam.
- Web site: KKR rules out bid for hospital operator NMC Health. 2020-06-22. www.ft.com. Financial Times.
- Web site: 2020-02-10. NMC Health reveals KKR, GK approaches as founder Shetty steps back. 2020-06-22. Al Arabiya English. en.
- Web site: NMC Health confirms preliminary takeover approaches from KKR, GK Investment. 2020-06-22. www.spglobal.com. en-us.
- Web site: KKR and GK Investment prepare bids for under-fire NMC Health. 2020-06-22. The National. en.
- Web site: Reuters. Contributor Pushkala Aripaka. Firm backed by Italy's Gruppo San Donato could make offer for NMC. 2020-06-22. www.nasdaq.com. en.
- Web site: Marchese. Adriano. NMC Health confirms bid approaches from KKR & Co. and GK Investment Holding. 2020-06-22. MarketWatch. en-US.
- News: 2020-03-09. GKSD Investment walks away from offer for NMC Health. en. Reuters. 2020-06-22.
- News: Ralph. Alex. Second bidder walks away from NMC Health. . en. 2020-06-22. 0140-0460.
- Web site: 2019-09-26. The Key To Universal Health Coverage In Africa: Partnership Solutions > CEOWORLD magazine. 2020-06-22. CEOWORLD magazine. en-US.
- Web site: Agenda ⇽ Linking Health and Economic Growth in Africa A Business Lunch and Roundtable Corporate Council on Africa. 2020-06-22. EventBank. en.
- Web site: Winners of Global Health Pioneer Awards announced. 2020-06-22. wam.
- Web site: 25–26 August 2018. Middle East Mediterranean (MEM) - Forum Programme. Palazzo dei Congressi, Lugano, Switzerland.
- Web site: Weekly news from Italy and the Arab world - October 05, 2018. 2020-06-22. jiac.it.
