Riyadh - Sharikat Mubasher: TVM Capital Healthcare, an international healthcare expansion and growth capital investor, closed its Afiyah Fund at around SAR 920 million, raised from a distinguished group of Saudi, GCC, and European investors, led by the Jada Fund of Funds.
In a statement, TVM said that the new fund will capitalize on the company’s past success investing in the region, providing highly attractive returns and demonstrating its ability to originate deals and develop successful, sustainable companies.
TVM Capital Healthcare’s strategy aims to contribute to transforming the Saudi economy and improve access to world-leading products, technologies, and services in the region.
Bandr Alhomaly, Managing Director and CEO of Jada Fund of Funds, said: “The closing of TVM Healthcare Afiyah Fund marks an important milestone in mobilizing private capital into Saudi Arabia’s healthcare sector, and we are pleased to lead the investment, providing capital to support the development of the sector in line with Vision 2030.”
On the other side, Helmut Schuehsler, Chairman and CEO of TVM Capital Healthcare, commented: “We are uniquely positioned for success because our leadership team comprises executives with long-standing expertise in Europe and the U.S., who have built excellent international networks throughout their careers, alongside local Saudi healthcare experts.”
TVM Capital Healthcare is an emerging markets-focused healthcare private equity firm that invests in healthcare companies to improve local access to quality care and provide local sources of medical products in the pharma, medical device and diagnostics sectors.
