
Satya are an investment company, targeting opportunities in Africa
Satya Capital, the private equity group which focuses exclusively on Africa, has chosen Hygeia for its first significant investment in healthcare in the continent.
Satya, whose Wild West designed website went live in 2009, is one of a new breed of specialist investors, determined to use their capital to develop the potential of this vast continent.
Satya, founded through the efforts of African entrepreneur Mo Ibrahim, is making an equity investment of $18 million, alongside a total of $8 million in new debt facilities from other sources, to allow Hygeia to expand both its hospital group (Lagoon Hospitals), and its health maintenance organisation (Hygeia HMO). These investments join the existing debt and equity provided by IFC and the Investment Fund for Health in Africa (IFHA) respectively.
Read the full story at www.satyacapital.com
