TVM Capital announces start of 40 million US$ MENA Healthcare Fund
Left: Kevin Berkitt, Dr. Helmut Schühsler, Hoda Abou Jamra, Abdulla Mohammed Al Awar, Marios Fotiadis, Youssef Haidar (Foto: Business Wire)
Right: Prof. Frank Christ (MMI), consulting partner of the TVM Capital MENA fund
February 2010 - TVM Capital, a global venture capital firm with headquarter in Munich, has established the first healthcare-dedicated, Shari?a-compliant private equity fund in the Middle East region to be operated out of their office in Dubai. TVM Capital brings to this fund a significant international track record in the sector and has collected 40 million US$ of initial subscriptions from founding investors Saudi Health Investment Company (SHIC), the International Finance Corporation (IFC), and GE Healthcare.
The Dubai Financial Services Authority (DFSA) approved TVM Capital MENA Ltd. to operate the fund from the DIFC (Dubai International Financial Center).
Munich Medical International (MMI) is consulting to TVM Capital MENA by providing substantial medical know how to the fund management. MMI became partner in investments and Prof. Frank Christ and the MMI-Team will contribute their longstanding experience in the healthcare market in the Middle East region.
With a background of more than 25 years of experience in investing successfully in the international health market, TVM Capital will seek to capitalise on the substantial growth opportunities in the healthcare service and pharmaceutical/life science sectors in the Middle East and North Africa (MENA) region.
On the services side, the focus will be on investments in specialised clinics, medical laboratories, small hospitals, diagnostic imaging centres, providers of outsourced services to healthcare delivery facilities, clinical trial management services, and healthcare IT and insurance.
For more information please visit TVM Capitals website at
http://www.tvm-capital.ae