M&A Deal Summary

International Finance Acquires Hygeia Nigeria

On January 7, 2016, International Finance acquired healthcare services company Hygeia Nigeria from Investment Funds for Health in Africa and Satya Capital

Acquisition Highlights
  • This is International Finance’s 1st transaction in the Healthcare Services sector.
  • This is International Finance’s 1st transaction in Nigeria.

M&A Deal Summary

Date 2016-01-07
Target Hygeia Nigeria
Sector Healthcare Services
Buyer(s) International Finance
Sellers(s) Investment Funds for Health in Africa
Satya Capital
Deal Type Add-on Acquisition

Target

Hygeia Nigeria

Lagos, Nigeria
website
Hygeia Nigeria is a provider of integrated healthcare delivery system which focuses on capacity building for healthcare professionals. Hygeia Nigeria was founded in 1984 and is based in Lagos, Nigeria.

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Buyer(S) 1

Buyer

International Finance

Washington, District of Columbia, United States

website


Category Company
Sector Financial Services
DESCRIPTION

International Finance Corp. is a sister organization of the World Bank and a member of the World Bank Group—is a global development institution focused on the private sector in developing countries. International Finance is based in Washington, District of Columbia.


DEAL STATS #
Overall 3 of 8
Sector (Healthcare Services) 1 of 2
Type (Add-on Acquisition) 1 of 1
Country (Nigeria) 1 of 1
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-03 eleni

Addis Ababa, Ethiopia

eleni designs, builds and deploys turn-key commodity exchanges in Africa, including the ancillary supporting infrastructure. eleni is based in Addis Ababa, Ethiopia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-01 Nephrocare Health Services

Hyderabad, India

Nephrocare Health Services is a dialysis provider network offering highest quality dialysis services. NephroPlus has 75 centers currently across 15 states in India performing 600,000 treatments per year. Nephrocare Health Services was established in 2009 and is based in Hyderabad, India.

Buy -

Seller(S) 2

DESCRIPTION

Investment Funds for Health in Africa (IFHA) is a private equity firm focused on providing capital to small and mid-sized private healthcare companies throughout Africa. Specific areas of interest include healthcare products, pharmaceuticals, healthcare product distributors, and health insurance. IFHA is based in Amsterdam, the Netherlands.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Nigeria) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 CarePay

Nairobi, Kenya

CarePay is a provider of administers conditional healthcare payments between funders, patients and healthcare. CarePay is based in Nairobi, Kenya.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-01 CIEL Healthcare

Ebène, Mauritius

CIEL Healthcare is a provider of operate and manage facilities in the healthcare sector. CIEL Healthcare was founded in 1912 and is based in Ebène, Mauritius.

Buy -
SELLER
DESCRIPTION

Satya Capital is a private investment firm focused on providing long-term growth capital to companies throughout Africa. The Firm targets investments from $20 to $100 million dollars and invests in a broad range of sectors including consumer, retail, healthcare, technology, media, telecommunications, and financial services. Satya works in partnership with TPG Growth, the middle-market and growth equity investment platform of TPG Capital. Satya Capital is based in London.


DEAL STATS #
Overall 1 of 3
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Nigeria) 1 of 1
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-17 Ecoles Yassamine

Casablanca, Morocco

Ecoles Yassamine operates six schools with around 6,000 students and plans to expand in both Morocco and other African countries. Ecoles Yassamine was founded in 1986 and is based in Casablanca, Morocco.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-29 O3b Networks

St Helier, Cayman Islands

O3b Networks Ltd. is a satellite service provider building a next-generation satellite network for telecommunication operators, internet service providers, enterprise and government customers in emerging and insufficiently connected markets.

Sell -