M&A Deal Summary

Medicross Healthcare Group Acquires Prime Cure

On February 28, 2006, Medicross Healthcare Group acquired healthcare services company Prime Cure from Actis Capital

Acquisition Highlights
  • This is Medicross Healthcare Group’s 1st transaction in the Healthcare Services sector.
  • This is Medicross Healthcare Group’s 1st transaction in South Africa.

M&A Deal Summary

Date 2006-02-28
Target Prime Cure
Sector Healthcare Services
Buyer(s) Medicross Healthcare Group
Sellers(s) Actis Capital
Deal Type Add-on Acquisition

Target

Prime Cure

Centurion, South Africa
Prime Cure (Pty) Ltd. managed healthcare organization, provides services to various medical schemes.

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Buyer(S) 1

Buyer

Medicross Healthcare Group

Sandton, South Africa

Category Company
Sector Healthcare Services
DESCRIPTION

Medicross is a managed healthcare provider network consisting of in excess of 46 Family Medical and Dental Centres located throughout South Africa.


DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: South Africa M&A 1 of 1
Year: 2006 M&A 1 of 1

Seller(S) 1

SELLER

Actis Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Actis Capital is a private equity firm focused on investments in emerging markets. Actis segments its investment activity into three areas. These include private equity, energy, and real estate. Actis' private equity team looks for buyout and growth capital opportunities requiring at least $50 million in financing. Depending on the situation, Actis will consider both controlling and minority investment situations. Sectors of interest include financial services, consumer and retail, business services, and industrial. Actis' energy group seeks to invest in in a variety of energy and utility projects. Actis' real estate team invests equity capital in office, residential, industrial, hotel and retail projects. Actis Capital was established in 2004 and is based in London, United Kingdom.


DEAL STATS #
Overall 8 of 92
Sector: Healthcare Services M&A 1 of 4
Type: Add-on Acquisition M&A Deals 3 of 46
Country: South Africa M&A 1 of 12
Year: 2006 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 China GrenTech

Shenzhen, China

China GrenTech is an integrated cellular telecommunication coverage system and service provider. China GrenTech was founded in 1999 and is based in Shenzhen, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-01 Asia Books co.

Kwang Huaykwang, Thailand

Asia Books is the largest and best-known retailer and distributor of English language books and magazines in Thailand. The Company operates Asia Books stores in Bangkok as well as Bookazine stores in major regional tourist destinations.

Buy -