RMBV backs HENA Holdings with $60M convertible loan for IDH stake
What's the deal? RMBVDealroom has a profile for this one. Try Dealroom → has extended a $60 million convertible loan to HENA Holdings LtdDealroom has a profile for this one. Try Dealroom → to finance its acquisition of a strategic stake in Integrated Diagnostics Holdings plc (IDH)Dealroom has a profile for this one. Try Dealroom →, a Jersey-incorporated company listed on the London Stock ExchangeDealroom has a profile for this one. Try Dealroom →.
Why it's complex: The transaction spans Egypt, Jersey, the British Virgin Islands, the Cayman Islands, the Netherlands, and the UK, requiring coordination across several legal and regulatory frameworks.
How it's structured: The financing is secured by a Jersey-law share security package over the financed shares. The parties plan to enter into a shareholders' agreement following conversion and IDH's de-listing.
What they're saying: "We are pleased to support RMBV on this cross-border financing, which involved multiple jurisdictions and required close coordination across legal and regulatory frameworks," said Omar S. Bassiouny, founding partner and group head of corporate and M&A at Matouk Bassiouny & Hennawy.
The signal: Convertible loans give investors a route to equity while deferring valuation questions — a structure suited to deals contemplating a de-listing and a shift to private ownership. The multi-jurisdiction setup underscores how diagnostics assets in emerging markets are increasingly financed through cross-border vehicles.
Read more: Matouk Bassiouny & Hennawy · Matouk Bassiouny & Hennawy
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