Gulf Capital acquired a 70% stake in Medica Group.

Gulf Capital, an alternative asset manager based out of the Middle East, acquired a 70% stake in Medica Group. Founded in 1999, Medica provides aesthetics, cosmetics and dermatology equipment and products across the Middle East. The company claims to have a portfolio of over 20 international brands across 12 countries. Financial terms were not disclosed. “This investment in the dominant market leader gives Gulf Capital a strong exposure to the fast growing aesthetics and cosmetics sectors and allows us to capitalise on the growing consumer and healthcare trends in the region,” Gulf Capital CEO Karim el Solh said.