- Driven by growing demand for private, high-quality healthcare services in select emerging markets in Asia
- Dr Ronald Ling, Karen Tay Koh, and Hui Hsing Ma, based in Singapore, appointed as advisors
Dubai/Singapore - TVM Capital Healthcare Partners, a private equity firm focused on emerging markets and dedicated to healthcare investments, is growing its reach to Southeast Asia to meet the increasing demand for specialist healthcare services. The firm has partnered with three healthcare professionals appointed as external advisors in Singapore to the Dubai-based investment team.
The advisory team brings deep healthcare and investment expertise to TVM Capital Healthcare with extensive experience in the Southeast Asia region. Responsible for supporting TVM Capital Healthcare Partners' Dubai-based investment team and operations group, these senior advisers will serve to replicate TVM Capital Healthcare's success seen in other emerging markets such as the GCC, as well as drive investments into healthcare services to meet the Southeast Asia region's needs in healthcare.
· Dr Ronald Ling, Operating Partner, has over 20 years of experience working with healthcare companies in a variety of senior consulting, operational, and private equity investment roles. As a Partner with Schroder Capital Partners where he managed a $500 million Asian growth capital/buyout fund, Dr Ling worked across all phases of the deal cycle, including structuring, operational support and exits. He held active board roles with investee companies Parkway Holdings, Asia's largest private healthcare company and Strides Arcolab, an India-based global generic pharma company, among others. He was also previously Managing Director and Leader of Pricewaterhouse Coopers' healthcare practice across Asia and spent five years as a consultant with McKinsey & Co in the UK, working primarily with pharmaceutical clients. Dr Ling holds an MA (1st class) in Physiological Sciences from Oxford University, MBBS in Medicine from London University and an MBA from INSEAD.
· Karen Tay Koh, Senior Advisor, has extensive experience in private and public sector organisations in healthcare and education, with multiple assignments across the globe. Karen was Deputy CEO of SingHealth from 2001 to 2008, Singapore's largest public delivery network at the time, and concurrently as Deputy CEO of Singapore General Hospital from 2003. She has served on several Boards, including: Denmark-based Falck, the largest privately-owned global ambulance and emergency services provider; Northeastern University Corporation, Boston USA; and EDB Investments, Singapore. The first 19 years of Karen's career was spent in Singapore's Ministry of Finance, primarily focused on fiscal policy, corporate regulation and international finance.
· Hui Hsing Ma, Senior Advisor, has worked with TVM Capital Group since 2004 in East Asia. She brings over 15 years of healthcare investment and advisory experience, starting in 2000 as Senior Vice President, at the Temasek VC firm, Vertex Ventures, where she co-led their US$80 million healthcare investments in US and European companies and funds. Prior to 2000, Hui Hsing spent over 14 years in global corporate finance and general management, primarily with BNP Paribas, General Electric (USA) and Morgan Grenfell.
Hoda Abou-Jamra, Founding Partner of TVM Capital Healthcare Partners, commented on the ample opportunity: "We see significant potential in Southeast Asia, a region facing new healthcare challenges borne out by significant socio-economic developments and in increasing need of high quality healthcare services. We believe there is vast opportunity to lead the way in providing world-class healthcare to Southeast Asia's growing and increasingly affluent populations. Our deep and long expertise in other emerging markets as well as in Europe and the U.S. highlights our best-practice approach to provide quality, ensure global collaboration and forge strong links between government policy and private sector expertise."
Dr Helmut M. Schuehsler, CEO of TVM Capital Healthcare Partners, added: "We have been very excited about the opportunity in Southeast Asia for quite a while now. Our advisers, Ronald, Karen and Hui Hsing are high calibre professionals, steeped in industry and market knowledge with substantial experience in their respective areas. We very much look forward to working with them. "They will also work closely with our Senior Advisor of Healthcare Strategy, Carl Stanifer, who has helped shape the success we have enjoyed in the GCC with our approach to build centers of healthcare excellence. Carl also brings significant experience of Asia and will work closely with our senior advisers in Southeast Asia to leverage the achievements in the Gulf to aid Asian growth."
-Ends-
About TVM Capital Healthcare Partners
TVM Capital Healthcare Partners is a global specialist private equity investor that focuses on meeting gaps in healthcare provision in emerging markets, including the Middle East, North Africa, India and Southeast Asia. The firm started operations in Dubai in 2007. The company is part of TVM Capital Group, an affiliation of global venture capital and private equity firms with an operating track-record of over 30 years.
TVM Capital Healthcare Partners' team of investment professionals brings a wealth of experience in investment and successful exits across multiple markets. The company has also assembled a talented group of healthcare specialists, advisors and consultants who act as executives-in-residence in the TVM Operations Group - an accelerator company that supports the development of portfolio companies -- and in TVM Healthcare Advisors, which provides research and advisory services. This team conceptualizes and develops new business opportunities that provide investors exclusively with proprietary transactions.
TVM Capital Healthcare Partners' current investment portfolio includes a long-term care and rehabilitation center and the largest homecare company in the UAE, a medical devices manufacturer in Egypt, and IVF centers operating in the Middle East and India.
Its investment into ProVita International Medical Center was successfully exited in 2015, demonstrating how a specialist private equity investor can create value in emerging market healthcare and contribute to their existing healthcare infrastructure.
TVM Capital Healthcare Partners operates from the Dubai International Financial Center (DIFC) and is licensed and regulated by the Dubai Financial Services Authority (DFSA).
www.tvm-capital.ae or www.tvm-capital.com
Media Contact
Brunswick Gulf on behalf of TVM Capital Healthcare Partners
Dominic Whiting +971 56 174 0293
TVMCAPITAL@brunswickgroup.com
© Press Release 2016
