Tuesday 03 May 2016

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...

TBL Mirror Fund Exit International Medical Group to Kibo Fund

Dutch TBL Mirror Fund have exited their investment in Ugandan International Medical Group (IMG) to Kibo Fund, a fellow SME PE fund and co-investor in IMG. Both funds invested in IMG in January 2012. Founded in 1986, IMG comprises three companies, the...

Cauris Acquire Stake in Cote d’Ivoire Pharmaceuticals Firm

Cauris Management have made an investment of USD4.2m in Cipharm, a pharmaceuticals manufacturer in Cote d’Ivoire. Cipharm was founded 25 years ago and distributes its products in 12 West and Central African markets. The company plans to use Cauris’ funds...

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,...

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