Riva y Garcia launches healthcare start-up fund
Spanish fund manager Riva y Garcia and a Barcelona-based medical school have announced plans to establish a private equity vehicle dedicated to healthcare start-ups.
The venture capital firm and the Official Medical College of Barcelona (COMB) have joined forces to launch Healthequity, which will provide funding to entrepreneurial projects in the medical services and biotechnology segments. The fund, which has a target of €15-20m, was unveiled by the Catalonian Generalitat's Andreu Mas-Colell, Minister of Economy and Knowledge, and Boi Ruiz i Garcia, Minister of Health this week.
Healthequity has already received a €4m contribution from the Institut Català de Finances (ICF) in addition to support from pharmaceutical companies Abott Laboratories Grupo Ferrer and Esteve.
More on Southern Europe
PE purchases stall in Italy as buyers lose faith – PE Forum Italy
PE players are hoping that valuation expectations will align in 2H 2023, easing dealmaking backlog
Fondo Agroalimentare Italiano invests in Urbis Food
Deal marks the fund’s full deployment with more than EUR 50m invested across nine transactions
Intesa Sanpaolo investment banking head exits for BNP Paribas
Marco Lattuada previously oversaw activities including M&A and debt capital markets at the Italian firm
William Blair launches Madrid office, adds investment banking practice in Zurich
Álvaro Hernández to lead new Spanish branch; healthcare will be first focus of Swiss expansion
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Czech Republic-headquartered family office is targeting DACH and CEE region deals
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds