Tuesday 21 May 2013

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...

India-based Elara Capital to Raise Healthcare Fund

India’s Elara Capital plans to launch a private equity health care fund targeting India, southeast Asia, west Asia and Africa, Deal Curry reports. The offshore fund would hope to raise USD250-300m and be established with the help of an unnamed Dubai-based...

With PE Help, New Policy Shakes Up Kenyan Insurance Market

Private equity funds are expected to increase their stakes in Kenyan insurance companies this year as the country’s Insurance Act comes into effect, Business Daily reports. The act requires medical insurance providers to become fully licensed insurers with underwriting capabilities and more core capital. It also caps...

Aureos Africa Health Fund Closes on USD105m

Aureos has reached a final close of USD105.4m for its Africa Health Fund, slightly exceeding its USD100m target as expected. The fund drew investment largely from development finance institutions including the IFC, African Development Bank (AfDB), German DEG, Norfund, Proparco and the Development Bank of Southern Africa (...

Another Kenyan Deal for Aureos Health Fund

Marking its third investment in Kenyan healthcare, the Aureos Africa Health Fund has committed USD2.75m to Revital Healthcare EPZ Limited. Revital is based in Mombasa and manufactures single use auto disable (AD) hypodermic syringes and other disposable...

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