Linklease inks new deal by partnering with state-of-the-art elective healthcare provider
DUBAI, March 18, 2015 – Just one month after securing a major UAE biodiesel producer as a key client, Linklease has expanded into the elective healthcare industry by partnering with a preeminent distributor of cellulite reduction technology.
The four year contract includes a sale and lease-back agreement for purchasing advanced, non-invasive cellulite reduction equipment. The new source of capital generated through the deal is now being used to fund the acquisition of additional cellulite reduction technology, and which will be rented to beauty clinics and premium hotels across the UAE.
Steve Williams, Chief Executive Officer, Linklease said, “Whilst operating in vastly different industries, securing a major client in the elective healthcare industry in quick succession after our biodiesel producing client, reflects the common challenge they both face in gaining access to capital given the specialist nature of the assets involved.”
“Our door is always open to SMEs and entrepreneurs in the UAE and broader Middle East because we understand the specific challenges they face in acquiring the assets they need to grow. Most certainly for our newest client, we look forward to helping them cement their market-leading position by capitalising on the growing demand for non-invasive beauty treatments from both UAE residents and tourists alike, whilst also preserving valuable capital and credit lines.”
Dubai is currently one of the world’s leading medical tourism hubs. After attracting 120,000 medical tourists in 2014, it plans to hit a 20 million visitor target by 2020, according to the Dubai Health Authority.
Linklease is the Middle East’s leading SME equipment leasing company. Established in 2014 and headquartered in Dubai, its ambition is to provide SMEs across the region with an alternative to traditional sources of equipment finance whilst facilitating opportunities for global fixed income investors. With a leadership team backed by 25 years of specialist experience in SME financing, Linklease provides new and used equipment leasing, sale and lease-back agreements and equipment management services to a broad range of industries.