International private equity firm TVM Capital Healthcare Partners, which has a presence in India through its portfolio company Bourn Hall International has promoted Youssef Haidar as managing director. He has been a partner with the private equity firm since it was established in Dubai in 2009.
Haidar also occupies board level roles at TVM Capital Healthcare Partners’ portfolio companies ProVita International Medical Center, Bourn Hall International, Cambridge Medical and Rehabilitation Center and Manzil Health Care Services.
Prior to joining TVM, Haidar served as a managing director of Unifund Capital Financial Investments.
Helmut M Schühsler, chairman & CEO, TVM Capital Healthcare Partners, said, ‘’During his tenure with TVM Capital, Youssef has made substantial contributions to building TVM Capital’s presence in the MENA region and growing our portfolio companies in Abu Dhabi, Dubai and India. We are very pleased to promote him as managing director of the firm.”
Early last month TVM Capital Healthcare Partners had appointed Sudhir Bahl as executive-in-residence in Dubai and director for Indian operations.
Bahl co-founded Irene Healthcare in 2011, which runs a small hospital chain in Delhi NCR and was its acting CEO. Earlier he was COO of Nova Specialty Surgery, founder director and COO of ICICI Venture-backed Iven Medicare and vice president of Apollo Hospitals among others.
TVM Capital, which is part of TVM Capital Group, has around $1.2 billion assets under management across the world. While TVM Capital looks at both life sciences and healthcare space, TVM Capital Healthcare focuses on healthcare and looks at emerging markets like Africa, Middle East and India.
In an earlier interaction with VCCircle, Schühsler had said that the PE player is planning to raise a new emerging market fund with target corpus of around $150 million.
The PE firm, which entered Indian healthcare market when its portfolio company Bourn Hall made inroads into the country in 2010, plans to invest up to $100 million in the local market in the next three to five years. Further, it has made a commitment to invest up to $100 million in Bourn Hall International which has two centres in India.
(Edited by Joby Puthuparampil Johnson) Leave Your Comment