Matthew Goodburn
Bridgepoint Development Capital II, the European buyout firm's growth capital vehicle, is now around 70 percent invested.
Fund VIII is the firm's first dedicated growth buyout firm to focus exclusively on healthcare companies in the lower mid-market.
The transaction was the last investment from Bain Asia Fund II and the first from Fund III.
Ardian has sold its stake in the residential care home and hospital services business to parent company CIR and Italian infrastructure investment firm F2i for €242m.
The deal is understood to be in the range of €650 to €700 million and is slated to close in mid-2016.
The $7.3 billion fund invests globally in healthcare, TMT, consumer, financial services and industrials.
TVM Capital Healthcare Partners CEO Helmut Schuehsler believes both South-East Asia and MENA share a similar healthcare model, which is characterised by “a strong focus on hospital-based healthcare”.
African healthcare investments will be led by Felix Olale, who joins the firm as a partner.
%2080.jpg "Permira in market with €6.5bn Fund VI – Exclusive")
The firm’s current vehicle, the 2014 -vintage Permira Fund V, is more than 60 percent invested.
The buyer is New York-listed Stryker Corporation and marks the company's second urgent care deal this month following an agreement to buy Sage Products from Madison Dearborn Partners.