Proparco Invests $35 Mn in Quadria Capital to Develop Affordable Healthcare in Indo-Pacific Region
- ByStartupStory | June 13, 2023
Private equity firm Quadria Capital has received a $35 million equity investment from Proparco, a subsidiary of Agence Française de Développement Group. The investment aims to support Quadria Capital’s mission of developing high-quality and affordable healthcare solutions in the Indo-Pacific region. With over $3.4 billion assets under management, Quadria Capital focuses on mid-cap healthcare investments in South and Southeast Asia.
According to Sunil Thakur, Partner at Quadria Capital, “There is a tremendous need in India alone, which by some estimates requires over $200 billion in investments to scale up adequate healthcare infrastructure. For this reason, we are delighted to be partnering with Proparco to provide high-impact investments that drive sustainable and equitable social outcomes.”
The partnership between Proparco and Quadria Capital was signed with the support of Chrysoula Zacharopoulou, the French Minister of State for Development, the Francophonie, and International Partnerships. Zacharopoulou emphasized the importance of universal access to health and stated, “France is proud to support, via Proparco, a responsible, affordable, and high-quality healthcare sector in South and Southeast Asia.”
Quadria Capital has a track record of investing in transformational businesses across medical devices, pharmaceuticals, and health services, focusing on improving healthcare affordability, accessibility, and quality, particularly among underserved communities. Proparco has previously invested in Quadria Capital, resulting in improved healthcare access through the creation of beds and facilities in underserved districts.
Quadria Capital’s portfolio includes investments in healthcare startup MediBuddy, pharmaceutical company Encube Ethicals, diagnostic company Strand Life Sciences, and more.
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