Sector: 
Healthcare
Country: 
Regional
Date of Investment: 
April 2016
Deal type: 
Expansion Capital

Ciel Healthcare Limited (‘CHL’) invests in and manages secondary and tertiary healthcare assets across Sub-Saharan Africa (SSA). CHL’s objective is to build a strong healthcare regional platform through the implementation of a ‘Buy and Build’ strategy. In line with this strategy, CHL and its investment partners have acquired majority stakes in Fortis Clinique Darne (Mauritius), International Medical Group (Uganda) and Hygeia Nigeria Limited (Nigeria).

CHL will expand the service offerings in its existing hospitals and further expand its footprint in Africa to address the booming healthcare sector.

Kibo has carried out this investment in partnership with CIEL Limited, IFC, PROPARCO and IFHA II.