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General Atlantic backs Brazilian healthcare group

The growth investor has made a minority investment in Sao Paulo-based Qualicorp.

General Atlantic has made a “strategic minority investment”, in Brazilian healthcare insurance group Qualicorp. The amount and terms of the investment were undisclosed.

The Brazilian conglomerate, which provides brokerage and benefits administration services, is made up of Qualicorp Corretora de Seguos, Access Clube de Benefícios and Access Administração e Serviços.

“The association with General Atlantic will strengthen our capacity to aggressively expand our product and service portfolio, to enter new markets and to meet our strategic growth objectives,” Mauricio Ceschin, Qualicorp president, said in a statement.

Writing for PEO this week, John Bernstein, head of General Atlantic’s European operations, argued that even in severe downturns companies with rapid growth and profit potentials still exist.

He cited the healthcare segment as an example, because its “companies have long-term growth drivers and government or non-discretionary spend”. 

General Atlantic manages funds of $15 billion, with offices in North America, South America, Hong Kong, Germany, India and the UK. Its investor base includes a collection of 30 wealthy families.