2 hours ago - Business

Health care investment firms GHO and CBC to merge

Dan Primack

Illustration of small red crosses forming a larger one. — Illustration: Shoshana Gordon/Axios

GHO Capital of London has agreed to merge with Singapore-based rival CBC Group, forming a dedicated health care investment firm with over $21 billion in assets under management.

Why it matters: This is about scaling for survival, as generalist PE giants have begun to crowd out smaller players in health care.

By the numbers: The combined firm will have more than 200 investment and operating pros working in 13 offices across North America, Europe, and Asia.

Go deeper, via the FT: "The merger comes as the sector is challenged by startups seeking to transform the industry by speeding up the process of discovering and producing new drugs, though they are yet to deliver on that promise."

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Health care investment firms GHO and CBC to merge

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