SAUDI ARABIA – TVM Capital Healthcare Partners, a highly focused private equity and growth capital firm based in Dubai, has inaugurated a new office in Riyadh in the Kingdom of Saudi Arabia.
In an official note, the firm asserted: “The purpose of the new office is to advise the group and its portfolio companies as they grow their operational footprint in Saudi Arabia.”
Orhan Osmansoy and Othman Abahussein have been appointed as the Directors of the new office based in Riyadh.
Commenting on the elevation, Orhan Osmansoy, Managing Partner of TVM Capital Healthcare, asserted: “Saudi Arabia today provides excellent growth opportunities for the specialist healthcare sector, which is our key expertise.”
This news comes shortly after TVM Capital Healthcare successfully expanded its portfolio company Cambridge Medical and Rehabilitation Center from the United Arab Emirates to Saudi Arabia in 2019.
Regulated by the Dubai Financial Services Authority, TVM Capital Healthcare is exploring growth capital and buyout investments in fast-growing companies in emerging market economies.
It has developed its global presence through investments in the United States, Europe, and South East Asia while recruiting local healthcare advisory and operating expertise to its international team.
The private equity firm is exploring investment opportunities in the Emerging Markets of the Middle East and North Africa (MENA), India, Turkey, and selected geographies in South East Asia.
TVM Capital Healthcare is part of TVM Capital Group, an affiliation of globally acting venture capital and private equity firms with an operating track record of more than 30 years.
Backed by TVM Capital Group, the private equity firm has opened its latest regional office in Riyadh, Saudi Arabia’s capital and main financial hub, as it expands its presence in the MENA region.
The opening of the local office in Riyadh reiterates TVM Capital Healthcare’s commitment to improving the healthcare system in Saudi Arabia, the economic powerhouse in the region.
The Riyadh office has been staffed with a team of professionals who will take their time to expand and deepen local relationships by bringing sophisticated healthcare solutions closer to patients and their families in the Kingdom.
Through the team of experienced individuals, TVM Capital Healthcare will work closely with investors, regulators, the firm’s peers in the healthcare industry, and entrepreneurs in Saudi Arabia.
“The local office presence shall focus on supporting portfolios companies financed by TVM Capital Healthcare’s growth capital funds,” highlighted the Dubai-based private equity firm.
TVM Capital Healthcare will offer financial support to meet rising demand in underserved healthcare verticals and improve access to quality healthcare services locally.
On his part, Othman Abahussein, Operating Partner at TVM Capital Healthcare, informed: “The Health Sector Transformation Program aims to make the local health sector more comprehensive, effective and integrated, based on the health needs of the individual and society at large.”
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