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Fri 6 Dec 2019 10:01 AM

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Foundation Holding eyes GCC investments, says founder and CEO

The global investment firm says it has 'impending plans' for a transaction in the GCC

Foundation Holding eyes GCC investments, says founder and CEO

Abhishek Sharma, founder and CEO of Foundation Holdings

Global investment firm Foundation Holdings ended the year with two transactions in India’s healthcare and education sectors and has “impending plans” for another by year’s end in the GCC, the company has announced.

In the last three years, Foundation’s investment team has completed AED 500m worth of private institutional investments, impacting a total of 2 million lives and employing over 5,000 employees.

The company also has plans to IPO two of the four companies in the next three to five years.

In the GCC, it is specifically looking into the healthcare sector. The GCC’s bed density is 17 per 10,000, against a global benchmark of 27.5.

In January 2018, Foundation established Right Health, which today is the largest and fastest-growing value healthcare organisation in the UAE.

In India, the firm recently entered the eye healthcare and single specialty sectors through a $43 million acquisition of a stake in ASG Hospital Pvt. Ltd, which currently operates a network of 33 hospitals in India and medical centres in Uganda and Nepal.

Additionally, Foundation and Indian private education provider Ryan International Group of Institutions have announced a JV in India, Ryan EduNation. The firm recently acquired the management school platform owned by Pearson India Education Services that currently impacts 18,000 students in the country.

“We strongly believe that healthcare and education will drive human capital, innovation and transformational opportunities for today’s youth and thus these sectors are the key focus areas for the firm’s current and future strategy and growth,” said Abhishek Sharma, founder and CEO of Foundation Holdings.

“The GCC region and India are compelling markets for companies in these sectors that are poised for exponential growth,” he added. “Combined, the markets comprise a US$4 trillion ecosystem that provides tremendous investment opportunities. We are witnessing an increased focus on guaranteeing consistent returns across the board through increasing operational value.”

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