Tanncam Investment – an Uzbeki-owned investment company registered in Cambodia – has invested $4 million into Verita Healthcare Group, a global provider of healthcare services and products based in Singapore.
According to the official press release, the deal was closed on January 31 and consisted of $3.2 million in equity purchase and a $0.8 million subscription to Verita’s convertible bonds.
Anthony Galliano, CEO of Cambodian Investment Management, the company that provided advice to Tanncam Investment during negotiations, said Verita Healthcare Group excels in innovation in the sector with a diverse portfolio of next-generation customised healthcare products and services, comprehensive oncology treatment options, health and wellness concierge services, and advanced pharmaceuticals and delivery systems.
“We believe that Verita is not only a market leader in its field but a transformer, and we were delighted to have facilitated this investment between the two parties,” Mr Galliano said.
“Corporate finance is increasingly becoming a larger and more significant part of our group business and we are happy that our operation in Cambodia has closed another milestone deal.”
In October, Tanncam invested $10 million into Netmeds, India’s leading online pharmacy.