| The skinny
London-based GHO Capital and Singapore-based CBC Group announced plans to merge on Wednesday. The deal will combine $21 billion in assets under management, creating what the partners call the “world’s largest dedicated healthcare investment firm.” A deal worth billions
GHO invests primarily in healthcare services, pharma and medical technology across Europe and North America, while CBC has built a large investment platform spanning Asia’s biotech, life sciences and care delivery sectors. Last fall, GHO closed its fourth fund, which totaled $2.9 billion and brought the firm’s total assets under management to $10.5 billion. CBC closed its most recent major fund — its fifth, which totaled $1.67 billion — in 2022. The firm has $10.8 billion in assets under management. The combined entity
The new entity will employ more than 200 employees across 13 offices across North America, Asia and Europe. The firms noted that these regions make up about 90% of all healthcare research and development spending. By combining their operations, the firms are aiming to create a more globally connected investment platform — which they said will help them back healthcare companies across multiple stages of growth and across major international markets. The merger joins two huge investment firms at a time when private equity companies across the globe are going after a wider geographic reach. As competition for deals intensifies and fundraising becomes more challenging, a lot of firms are looking to expand their scale and strengthen their presence across international private markets. — By Katie Adams |
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