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

A firm backed by KKR & Co.has bought Gulf Capital PJSC’sstake 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.

Financial details of the transaction were not disclosed but the sale covers four clinics in the United Arab Emirates and Saudi Arabia. Gulf Capital, which will continue to ...