BlueEarth completes inaugural private credit investment in healthcare with Namibian hospital partnership
Deal News | Nov 18, 2024 | Blue Earth Capital AG
Blue Earth Capital, a global impact investor, has committed $11 million in private credit to Rhino Park Holdings, a leading Namibian private hospital focusing on maternity and neonatal care. This investment is BlueEarth's first in the healthcare sector via private credit and its second sustainability-linked loan. The funding supports the acquisition of Rhino Park by Salt Capital, a private equity manager focused on Southern Africa, and aims to expand the hospital's surgical capabilities, primary healthcare, and imaging facilities. Namibia faces significant healthcare challenges, with high maternal mortality and neonatal disorder rates. Through its commitment to upskilling staff and offering student placement programs, Rhino Park is advancing healthcare development in Namibia. Blue Earth Capital's partnership with Salt Capital seeks to enhance healthcare delivery and impact in the region, aligning with its mission to blend social impact with financial returns.
Sectors
- Healthcare
- Private Equity
- Impact Investing
Geography
- Namibia – Rhino Park Hospital is located in Namibia, and the investment aims to address critical healthcare issues within the country.
- Switzerland – Blue Earth Capital is headquartered in Switzerland, from where it manages its global investment activities.
- Southern Africa – Salt Capital focuses its investment activities across Southern Africa, including Namibia.
Industry
- Healthcare – The article centers around investments in the healthcare sector, highlighting efforts to improve maternity and neonatal services at Rhino Park Hospital in Namibia.
- Private Equity – Salt Capital, a private equity firm, plays a significant role by acquiring Rhino Park and leveraging investment to expand its operations.
- Impact Investing – Blue Earth Capital focuses on generating social impact alongside financial returns, evident in this investment into healthcare improvements in Namibia.
Financials
- $11 million – The private credit commitment amount by Blue Earth Capital to Rhino Park Holdings.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Blue Earth Capital | Investor | Company | A global specialist impact investor focusing on generating social impact alongside financial returns. |
| Rhino Park Holdings (Proprietary) Limited | Target company | Company | A leading multi-disciplinary private hospital in Namibia specializing in maternity and neonatal healthcare. |
| Salt Capital | Acquirer | Company | A private equity fund manager focused on SME growth capital investments across sub-Saharan Africa. |
| Martin van Niekerk | CEO of Rhino Park | Person | Chief Executive Officer at Rhino Park, overseeing the hospital's strategic expansion and operations. |
| Amy Wang | Head of Private Credit at BlueEarth | Person | Responsible for managing private credit investments at Blue Earth Capital. |
| Jan Bosch | Managing Partner at Salt Capital | Person | Oversees strategic expansion and investment activities at Salt Capital. |