December 7, 2011
Latham & Watkins advised UK-based alternative asset management company, Duet Group, on their investment in Expatcare Health International Ltd, a health maintenance organization (“HMO”) based in Nigeria. This investment reflects the growing commitment of Duet, which has recently integrated TLG Capital Investments into its newly formed Africa Private Equity arm, to companies in Africa looking to expand their business through growth capital. The investment will be made through a convertible instrument.
Health insurance in Africa is a sector with strong growth due to the low penetration of private health insurance and a rapidly increasing middle class. Expatcare aims to expand its current client base through the offering of new services and regional expansion.
The Latham & Watkins corporate team was led by partners Craig Stoehr and Kai Schneider and associate Leen Qablawi.