Investment Funds for Health in Africa (IFHA) completed first closing of second fund at USD 99.4 million
- Health-focused private equity funds dedicated to supporting sub-Saharan SMEs in the private healthcare sector
- Mix of public and private investors
Amsterdam, 7 July 2015 – The Investment Funds for Health in Africa (IFHA) has raised USD 99.4 million for the first closing of IFHA- II, the successor fund of the EUR 50.1 million IFHA fund. IFHA’s first fund was the first private equity fund dedicated to developing healthcare in Africa. After seven years of operations, the fund manager builds on its strong network and a solid track record of results from its first round investees, which include four successful exits.
The nine IFHA-II investors represent a diverse range of public and private organizations, including multinational companies, pension funds and development finance institutions. The private health sector has historically outperformed general economic growth and the outlook for the sector remains positive. This, as well as the significant development impact of health investments in sub-Saharan Africa, makes IFHA-II an attractive investment.
IFHA-II is a private equity fund dedicated to small and medium size (equity) investments in private healthcare companies in sub-Saharan Africa. IFHA-II focuses on hospitals and other healthcare providers, as well as companies active in health insurance and in the manufacturing, wholesale and distribution of healthcare products. These target sectors are characterized by fragmented and underdeveloped markets, resulting in low availability and accessibility as well as poor quality of services. IFHA’s investments will build liquidity and business capacity, enhancing access to quality healthcare services.
“We strongly believe in the transformational value of growth capital for healthcare companies combined with the health sector expertise of our investment staff,” said Max Coppoolse, IFHA’s Managing Director. “Our extensive experience and focus on health makes us uniquely positioned to recognize high-potential healthcare companies. By helping them to grow their business and become more profitable, they can also invest more in their own company and provide better care for their clients.”
Private sector development is essential to achieving a better healthcare system in sub-Saharan Africa. The private healthcare sector needs investment to design new business models, implement information and communication technologies (ICT), and build state-of-the-art warehouses, factories, clinics and hospitals, in order to meet the growing healthcare demands of millions of people in sub-Saharan Africa.
Over the years, IFHA has forged valuable relationships with partners. Its focus on health and extensive network have been instrumental to the success of the first closing of IFHA-II. Total Impact Advisors have played an important role in fundraising for IFHA-II in the United States. The combined expertise and experience of its team members in the health sector means that IFHA-II can deploy a buy and build strategy over the next ten years in order to grow the sales and earnings of its portfolio companies. IFHA-II will focus on buying core platform companies, supporting them to make one or more acquisitions and thus reach new customers, new markets and new technologies.
About Investment Funds for Health in Africa
The Investment Funds for Health in Africa (IFHA) are private equity funds dedicated to small to medium size (equity) investments in private healthcare companies in Africa. IFHA invests in private healthcare companies that operate in fast-growing markets and possess unique advantages over the competition. IFHA predominantly focuses on companies active in sectors, such as care provision, health insurance, as well as the manufacturing, wholesale and distribution of healthcare products.
IFHA is responding to the growing need for capital investments in private healthcare in Africa, which are driven by market growth and the improved economic performance in the region over the past number of years.
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