Friday 25 April 2014

Lereko Metier Complete Exit from Medical Device Distributor to Healthcare Group

PE fund manager Lereko Metier have completed their exit from high-tech surgical device distributor Surgical Innovations to healthcare group Ascendis Health. Ascendis acquired the firm for a total of ZAR336m. Surgical Innovations had been founded in 2006,...

IFC to Back Abraaj’s New Healthcare Fund?

VC Circle report that the International Finance Corporation (IFC) will back Abraaj Group’s new Abraaj Global Healthcare Fund (AGHF) which targets health sector investments in Africa, Asia and Latin America, providing . Abraaj aim to raise USD1bn for this...

Abraaj and Swedfund Invest in Nairobi Women’s Hospital

Abraaj Group, through their Africa Health Fund, and Swedfund, Sweden’s national venture capital company, have announced a joint investment of USD6.5m in the Nairobi Women’s Hospital, reportedly the largest single foreign direct investment in healthcare in...

Fanisi Invest in Kenyan Pharmacy Chain

Fanisi Capital have announced a second investment in a pharma chain, this time in Kenya: the fund manager have acquired an undisclosed state in Haltons for USD3m. Haltons currently have four outlets in the capital Nairobi. With Fanisi’s financial backing...

XSML Acquire Stake in Pharmaceuticals Company

XSML are clearly on a roll: through their Central Africa SME Fund, the PE firm will acquire a stake in Promed, the third-largest domestic generics producer and distributor in DR Congo. Promed manufacture around 80 generic medicines in the capital Kinshasa and currently have distribution centres in Matadi, Kikwit and...

Aureos Africa Health Fund Invest in Togolese Private Hospital

Aureos’ Africa Health Fund have invested USD1.7m in Clinique Biasa, a private hospital in Togo. The capital injection will be used for the hospital’s USD5m modernisation and expansion plans, enabling it to triple its bed capacity and increase the range of treatments and services. According to Aureos, the hospital, one of...

Aureos Backs Reproductive Health in Nigeria

The Aureos Africa Health Fund has invested USD5m in Therapia Health Ltd, the holding company for The Bridge Clinic Ltd, the first assisted reproductive centre in West Africa. The investment in Therapia is intended as a direct investment in The Bridge...

Potential Deals Roundup: Kenyan Healthcare, African Retail

Kenya’s Kenyatta National Hospital is seeking capital from private investors for expansion, Business Daily reports. The mainly government-funded hospital hopes to set up build-operate-transfer schemes for capital intensive projects such as a new hospital...

Obasanjo Promotes Africa with PE Fund

Another celebrity of sorts has thrown his hat into the African private equity ring with an ambitious, probably overly ambitious, new fund. Former Nigerian President Olusegun Obasanjo is busy promoting his new advisory firm, New World Capital Ltd., in...

Aspen Pharmacare Performance, EA Valuation, Reflect Strength of African Health Care

  For the growing number of you eying the health care industry in Africa: Aspen Pharmacare Holdings, Africa’s largest pharmaceutical manufacturer, has released its performance results for 2011. Revenues from South Africa were down, but gross revenue...

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