UAE’s Abraaj Sells 21% Stake In Integrated Diagnostics Holdings

Private equity firm Abraaj Group said on Tuesday it had sold a 21 per cent stake in Integrated Diagnostics Holdings (IDH), a healthcare diagnostics service provider, to emerging markets private equity firm Actis.

IDH, which resulted from the 2012 merger of Al Mokhtabar and Al Borg Laboratories, offers pathology and molecular diagnostics, genetics testing and basic radiology in Egypt, Sudan and Jordan.

Abraaj, which has about $7.5 billion of assets under management, declined to reveal the value of the deal or the size of its remaining stake in IDH.