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Baigo raises €100m for European healthcare19/11/2007. Source: AltAssets. 
 Baigo Capital, a new German private equity firm with a focus on the European healthcare sector, has held a first closing on its first fund. The firm has raised raised €100m from two cornerstone investors: European private bank Sal. Oppenheim and a family office linked to the healthcare sector. The fund has a target of €300m.
Baigo seeks further commitments from family offices and other institutional investors that are in one way or another linked to the healthcare industry.
Baigo will invest in mid-sized healthcare companies with enterprise values of between €40m and €200m. The fund's mandate covers all segments of the industry. In terms of geography, the focus will be on the German-speaking region (especially Germany and Switzerland), Scandinavia (especially Sweden and Denmark) and France.
Baigo partner Marcus Bracklo said, 'Opportunities in the healthcare sector are immense. To be the first "pure play" mid-market specialist in Europe gives us first-mover advantage and the ability to address a very exciting untapped market. There are significant opportunities for the specialised investor, with European healthcare exhibiting above-average growth potential, due to demographic developments, technical and organisational innovation, and benefiting from deregulation, privatisation and healthcare reforms.'
Baigo's four founding partners are Bracklo, former head of healthcare
investment banking at Sal. Oppenheim, Frank Duffner, former head of healthcare M&A at Sal. Oppenheim, Dr Dariusch Mani, former senior executive at Schering, and Markus Solibieda, former director of 3i. All three are based in Frankfurt.
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