Investment Summary

General Atlantic Invests In Reliance Health

On February 7, 2022, growth capital firm General Atlantic invested in medical products company Reliance Health

Investment Highlights
  • This is General Atlantic’s 4th transaction in the Medical Products sector.
  • This is General Atlantic’s 1st transaction in Nigeria.

Investment Summary

Date 2022-02-07
Target Reliance Health
Sector Medical Products
Investor(s) General Atlantic
Deal Type Venture

Target

Reliance Health

Lagos, Nigeria
website
Reliance Health is a healthcare company using technology to make healthcare more affordable and accessible. Using an integrated approach that includes affordable health insurance, telemedicine, and a combination of partner and proprietary healthcare facilities. Reliance Health was founded in 2015 and is based in Lagos, Nigeria.

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Investor(S) 1

Investor
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 312 of 340
Sector (Medical Products) 4 of 4
Type (Venture) 94 of 100
Country (Nigeria) 1 of 1
Year (2022) 7 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-03 Bold

Bogota, Colombia

Bold is an emerging independent merchant-acquirer with the mission of promoting financial inclusion by expanding the digital payments ecosystem in Colombia. Bold was founded in 2019 and is based in Bogota, Colombia.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-16 Third Harmonic Bio

Cambridge, Massachusetts, United States

Third Harmonic Bio is a clinical stage bio technology company developing an oral KIT inhibitor therapy for allergic autoimmune disorders. Third Harmonic Bio was founded in 2019 and is based in Cambridge, Massachusetts.

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