TVM Capital Healthcare Partners registers new emerging markets-focused fund under Dubai International Financial Centre’s Qualified Investor Fund regime

February 23, 2016

Corporate

TVM Healthcare III will invest primarily in Southeast Asia, India, the Middle East and North Africa
Target size of fund is US$300 million

United Arab Emirates – Dubai, 23. February 2016: Specialist private equity firm TVM Capital Healthcare Partners has registered a new emerging markets-focused fund under the Qualified Investor Fund regime (QIF) established by the Dubai International Financial Centre (DIFC).

The fund, TVM Healthcare III, intends to raise US$300 million to invest in up to 12 healthcare companies in the Middle East and North Africa, India, and Southeast Asia. TVM Capital Healthcare has identified a number of highly attractive investment opportunities in all three regions and will continue to focus on growth capital investments, following the course charted by its first two funds.

“Urbanization and socio-economic development in emerging markets are resulting in rapidly increasing demand for high quality healthcare. There is a real opportunity for private companies to complement the public sector, by stepping up to supply specialist services,” said Dr. Helmut M. Schuehsler, CEO of TVM Capital Healthcare Partners. “Although recent emerging market volatility may make fundraising challenging, it also creates attractive investment opportunities, especially in defensive sectors such as healthcare that benefits from solid long-term fundamentals.”

The two funds previously raised by TVM Capital Healthcare Partners since 2010 have invested in five companies, including UAE acute, ventilated care provider ProVita International Medical Center, which was sold to London-listed NMC Health in mid-2015.

“Our investment in ProVita and successful exit really showed how a specialist private equity investor can create value in emerging market healthcare,” Schuehsler said. “Having identified an unmet need for specialist long-term care, we cooperated with government agencies to develop a licensing regime for private providers, and built a thriving business over five years which made major contributions to the quality of life of patients on long-term ventilation.”

TVM Capital Healthcare Partners has also invested in both a rehabilitation center and a homecare provider in the United Arab Emirates, a medical devices manufacturer in Egypt and an IVF centre operating in the Middle East and India.

Mr. Arif Amiri the CEO of DIFC Authority, said: “The registration of a second fund by TVM Capital Healthcare under DIFC’s Qualified Investor Fund regime reiterates our commitment to positioning DIFC and Dubai as an attractive fund domicile destination in line with our 2024 growth strategy. With the rapid expansion of financial markets in our region as well as rising private wealth, there are clear indications to suggest that unique opportunities exist for a fund management hub to develop in this region. I am confident that the new fund will provide significant investment opportunities in the healthcare sector, which is crucial in supporting innovation, transferring know-how and strengthening the excellence of healthcare in our region.”

The QIF fund regime, operated by the DIFC’s regulator, the Dubai Financial Services Authority (DFSA), has been designed to promote Dubai as an asset management centre by facilitating fund registration while maintaining global best practice in regulation.

About TVM Capital Healthcare Partners

TVM Capital Healthcare Partners is a specialist private equity investor that focuses on meeting gaps in healthcare provision in emerging markets, including the Middle East, North Africa, India and Southeast Asia. The firm started operations in Dubai in 2007 and incorporated in 2009, and is part of the TVM Capital Group, an affiliation of global venture capital and private equity firms with an operating track-record of over 30 years.

TVM Capital Healthcare Partners’ team of investment professionals brings a wealth of experience in investment and successful exits across multiple markets. The company has also assembled a talented group of healthcare specialists, advisors and consultants who act as executives-in-residence in the TVM Operations Group – an accelerator company that supports the development of portfolio companies — and in TVM Healthcare Advisors, which provides research and advisory services. This team conceptualizes and develops new business opportunities that provide investors exclusively with proprietary transactions.

TVM Capital Healthcare Partners operates from the Dubai International Financial Center (DIFC) and is licensed and regulated by the Dubai Financial Services Authority (DFSA).

Media Contact

Brunswick Gulf on behalf of TVM Capital Healthcare Partners
Dominic Whiting +971 2 2344 603
[email protected]

About Dubai International Financial Centre
The Dubai International Financial Centre (DIFC) is the financial hub for the Middle East, Africa and South Asia, providing a world-class platform connecting the region’s markets with the economies of Europe, Asia and the Americas. It also facilitates the growth in South-South trade and investment. An onshore, international financial centre, DIFC provides a stable, mature and secure base for financial institutions to develop their wholesale businesses.

The Centre offers all the elements found in the world’s most successful financial industry ecosystems, including an independent regulator, an independent judicial system with a common-law framework, a global financial exchange, inspiring architecture, powerful, enabling support services and a vibrant business community. The infrastructure within the district features ultra-modern office space, retail outlets, cafes and restaurants, art galleries, residential apartments, public green areas and hotels.

Located midway between the global financial centres of New York, London in the West and Singapore, Hong Kong in the East, DIFC (GMT +4) fills a vital time-zone gap with a workday that bridges the market and business hours of financial centres in both Asia and North America.

Currently, more than 1,225 active registered companies operate from the Centre, including 21 of the world’s top 25 banks, 11 of the world’s top 20 money managers, 7 of the top 10 insurance companies, and 9 of the top 10 law firms. The Centre supports a combined workforce of 18,000 people.
DIFC continues to pursue expansion into new services and sectors within the Middle East, Africa and South Asia region, an area comprising over 72 countries with an approximate population of 3.0 billion and nominal GDP of US$7.9 trillion.

For further information, please visit our website: www.difc.ae, or follow us on Twitter @DIFC.

For media enquiries, please contact:

Hajar Al Ktebi
Dubai International Financial Centre
Assistant Vice President – Corporate Communications & Public Relations
Tel: +971 4 362 2440
Email: [email protected]

Sonali Rekhi
APCO Worldwide
Associate Director
Mobile: +971 55 6264986
Email: [email protected]