Monday, January 24, 2022
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TPG closes fund at US$4.6 billion

American private equity firm TPG has closed TPG Capital Asia VII with commitments of over US$4.6 billion. This exceeds the fund’s target. “With Asia VII,...

Singapore: Santen and Plano partner to tackle myopia

Japan’s Santen Pharmaceutical and Singapore-based eye health tech company Plano have partnered to look at technological solutions for myopia. Santen has also invested in Plano...

New Zealand: Summerset to build new villages in Whangarei and Cambridge

Summerset Group, New Zealand’s third-largest listed retirement village operator, has purchased land to build its first retirement villages in Whangarei and Cambridge. Total investment...

Ireland: Healthcare investment for Limerick

Limerick City and County Council has announced a €400m (US$481.5m) development proposal across three sites in Limerick City including a new medical facility and...

Europe: Icade buys healthcare facilities from Orpea for €145m

French property group Icade has signed preliminary agreements with care group Orpea to acquire a real-estate portfolio of nine nursing homes, including eight in...

Private finance: Ablaze Pharmaceuticals, knok, Viebeg Technologies, Neurophth Therapeutics, iSTAR Medical

Belgium: iSTAR Medical, a medical technology company, has signed a €20m (US$22.7m) quasi-equity financing agreement with the European Investment Bank (EIB). iSTAR Medical is developing...

Thomson Medical is back on track

Despite a weak fourth quarter, Thomson Medical Group, Singapore’s second largest healthcare group, has returned to profitability for the year. For the fourth quarter it...

Cambodia: Fresenius Medical Care opens dialysis clinic in Phnom Penh

Dialysis clinic operator Fresenius Medical Care has opened a dialysis clinic at Hebron Medical Centre (HMC) near Phnom Penh Airport in Cambodia. “We are delighted...

Singapore: IFC and Mitsui & Co invest US$60m in MiCare HealthTEC Holdings

The World Bank’s EM financing arm, IFC, and Mitsui & Co (Asia Pacific), are investing around US$60m in Singapore-based MiCare HealthTEC Holdings, a subsidiary...

First Capital takes stake in Qestral

New Zealand’s largest private equity firm First Capital has taken a minority stake in Qestral Corporation, a Christchurch-based operator of premium retirement villages. The capital...