Shearman & Sterling advised Deutsche Bank AG, London Branch and EFG Hermes Promoting and Underwriting, as joint global coordinators, and Citigroup Global Markets Limited, as joint bookrunner, in connection with the initial public offering and London Stock Exchange listing of Integrated Diagnostics Holdings plc (“IDH”).

The IPO marks the first primary listing of an Egyptian healthcare business in London. The offering, in which the selling shareholders sold approximately 43.5% of IDH’s share capital, raised US$290 million.

IDH is the largest fully integrated private sector diagnostics services provider, including pathology and molecular diagnostics, genetics testing and basic radiology, in Egypt. As at 31 December 2014, it operated six different brands with 288 labs across Egypt and the MENA region. In that year, IDH performed 22.3 million tests for 5.6 million patients.

The Team