(Ecofin Agency) - Sweden, via its development financing fund Swedfund that supports firms in emerging markets in Africa, Asia and Latin America, invested in Snapper Hill Clinic (SHC), a health services provider in Liberia.
Operational since 1983, Snapper Hill Clinic (SHC) received this financing, whose amount has not been disclosed, from TLG Credit Opportunities Fund. This investment vehicle that belongs to private equity firm TLG Capital was granted a $10 million credit line by Swedfund, in May 2018, to fund micro companies in Subsahara Africa.
The funds provided will be used to finance the digitalisation of clinic records, develop and enhance organizational and financial controls, as well as broadening access to quality health services in Liberia. Additional funds could be later used to provide solar power to the clinics of the health group.
After a first 40% stake acquisition in SHC in 2010, TLG Capital invested in 2016. "By investing in TLG Credit Opportunities Fund, we support Snapper Hill Clinic and other SMEs in the region and contribute to the improvement of healthcare in Liberia", said Maria Håkansson, managing director of Swedfund.