Sunday 11 December 2016

Catalyst Announce Pharmacy Exit to LeapFrog

East Africa private equity fund manager Catalyst Principal Partners have announced their exit from Goodlife Pharmacies (Mimosa Pharmacies) to LeapFrog Investments for an undisclosed amount. Catalyst and Africa Chemist and Beauty Care (ACBC) had acquired a...

AFDB Backs Rx Healthcare Fund with USD20m

The African Development Bank (AfDB) will back Rx Healthcare Fund (RxHF) with USD20m and take a seat on the fund’s advisory board. RxHF is led by Egypt’s former health minister Hatem El Gabaly and managed by EFG Hermes Private Equity. It has a fundraising...

Fanisi Launch Second SME Fund With IFC Backing

East Africa SME PE fund managers Fanisi Capital have announced the launch of their second fund, Fanisi Capital Fund II LLC, targeting a fund size of USD75m to USD100m, up to double the amount of their first, USD50m fund.  Fanisi plan to raise USD30m...

AFDB Commits USD25m to Abraaj’s Health Fund

The African Development Bank (AfDB) has announced a USD25m commitment in Abraaj’s Growth Markets Health Fund (AGHF), an Africa fund for investments in ‘scalable and sustainable healthcare models for lower-middle and low-income segments of the population...

LeapFrog Appoint Felix Olale to Lead Healthcare Investments

Emerging markets investor LeapFrog Investments have announced the appointment of Dr Felix Olale to lead their expansion into healthcare investments in Africa. Olale will join LeapFrog as a partner. He is a medical doctor and the former chairman of...

OPIC Backs LeapFrog Investments with USD200m

The US Overseas Private Investment Corporation (OPIC) will commit USD200m to LeapFrog Investments for their financial services and healthcare investments, reportedly the ‘the largest commitment in history to any impact fund manager’. This brings financial...

KTH Announce Healthcare Deal in Nigeria

South African Kagiso Tiso Holdings (KTH) have announced the acquisition of a ‘substantial shareholding’ in Nigerian Me Cure Healthcare Ltd, a healthcare diagnostics company. Me Cure, founded in 2009, provides diagnostic, eye care and dental services. It...

South African Remgro Buy 29.9% Stake in Spire Healthcare for Mediclinic

South African investment firm Remgro have acquired a 29.9% stake in UK healthcare company Spire Healthcare Group Plc, the UK’s second largest private hospital operator, for GBP119.90m from British PE firm Cinven. Remgro are a shareholder in South African...

Ascent Capital Acquire Stake in Ethiopian Clinical Laboratories in First Deal

In their first deal, Nairobi-based Ascent Capital will invest USD2.5m from their their Ascent Rift Valley Fund (ARVF), in Medpharm Holdings Africa, a holding firm for medical diagnostic laboratories that operates International Clinical Laboratories in...

Catalyst Principal Partners Invest in Kenyan Pharmacy Retail Chain

East Africa fund manager Catalyst Principal Partners have acquired a stake in Mimosa Pharmacy Ltd, a pharmacy retail chain that also offers health and beauty products. Mimosa was founded ten years ago by Chris Getonga and currently has six outlets in...

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