Kaya Limited, an Indian multinational provider of skincare, haircare, and bodycare treatments, has divested its Middle East businesses to Humania GCC Holding Limited.
The sale involves Kaya Middle East DMCC and Kaya Middle East FZE to Humania GCC Holding Limited, an investment platform focused on healthcare opportunities in the Middle East and emerging markets. This divestiture is expected to foster new growth opportunities for the entities in the region.
Stephenson Harwood advised Kaya Limited on all aspects of the transaction, including the drafting and negotiation of the transaction documents.
The advisory team was led by Partner Diwakar Agarwal, supported by Managing Associate Philippa English, Associate Hajer El Moumni, and Paralegal Jeevni Sharma.
Founded in 2003, Kaya is a publicly listed company with extensive operations in India. It is the largest international chain of skincare clinics in the Middle East, with a presence across the United Arab Emirates, Kingdom of Saudi Arabia, and the Sultanate of Oman, spanning nine cities throughout the region.