News Ticker

TLG backs Snapper Hill Clinic in undisclosed deal

TLG Capital, an Africa-focused private equity and debt investor, made the company’s first investment in Liberia last week in an undisclosed deal for Snapper Hill Clinic in Monrovia, The transaction was made  through its Credit Opportunities Fund, backed by a guarantee from the Medical Credit Fund.

The debt capital will be used to support the privately-held outpatient clinic’s expansion plans which include opening two new clinics and increasing the number of patients served annually to more than 50,000. Snapper Hill Clinic was founded in 1983 since when it has established itself as a reliable healthcare services provider, being the only clinical service provider to remain open throughout the period of Liberia’s civil war and among the few providing services during the 2014-2106 Ebola crisis.

The investment, which is described as growth capital structured as debt, is the latest deal for TLG’s Credit Opportunities Fund, an open-ended investment vehicle which expects to have $30 million in commitments by the end of the year. Liberia joins the list of several sub-Saharan African countries in which the fund has portfolio assets which includes Kenya, Ghana, Malawi, Mauritius, Nigeria and Zimbabwe.

Saad Sheikh led the deal for TLG Capital. Commenting on the investment, he said, “With the expansion capital from TLG, SHC is able to offer best in class healthcare services across 3 locations in Monrovia – greatly increasing the supply of healthcare services to lower and middle income households. SHC aspires to be the market leader not only in Liberia, but also the region and TLG is excited to be contributing to that success.”

Leave a comment

Your email address will not be published.


*