Baigo Capital Holds First Close

Baigo Capital, a German private equity firm focused on the European healthcare market, has held a Euro100 million first close on its debut fund. It plans to hold a final close on Euro300 million.

Baigo Capital ('Baigo' or the 'Company') has been launched as the first private equity firm to focus exclusively on the European healthcare sector, with Euro100 million in initial funding and is in the process of raising a further Euro200 million.

Baigo is targeting mid-cap European healthcare companies, with enterprise values of between Euro40 million and Euro200 million, and a mandate that covers all segments of the industry, through funding buyouts, carve-outs, buy-and-build strategies, and the provision of development capital.

Healthcare is one of the fastest growing and attractive investment sectors in Europe , partly through the diversity of the European healthcare market, but also the helpful nature of the region's demographics, with an increasingly ageing and affluent target market.

EU-wide, the elderly population (over 65) is expected to rise from the current 21%, to around 34% by 2050. The over-80 age group, the heaviest healthcare users, is projected to more than double from 4% to 10% over the same period. The result will be increased healthcare costs, with expenditure