KKR-Backed Firm Buys Gulf Capital’s Mideast Fertility Business

A firm backed by KKR & Co. has bought Gulf Capital PJSC’s stake in its Middle Eastern fertility business, underscoring the rising demand for specialty medical services in the region.

The Abu Dhabi-based group had been working with Moelis & Co. on the sale of ART Fertility Clinics’ Middle East operations to IVI RMA Global, the world’s largest provider of infertility treatments that was acquired by buyout giant KKR three years ago.