GHO Capital and CBC Group said on 20 May that they had signed a definitive agreement to create the world's largest dedicated healthcare investment manager, with more than $21bn in assets under management.
Why GHO Capital is buying CBC Group (merger with GHO Capital)
The firms said the combination will let portfolio companies scale internationally and give investors access to the fastest-growing healthcare markets, linking GHO's North American and European companies with CBC's capabilities in Asia-Pacific.
Deal terms and financing
Further terms were not disclosed. Mike Mortimer and Fu Wei will be co-chief executives, and the board will be co-chaired by GHO co-founder Lady Mireille Gillings and Fu Wei.
Regulatory approvals and timing
Closing is expected in early 2027, subject to customary conditions and regulatory approvals. The firms will operate independently until then.
Market context
GHO, headquartered in London, manages about $10.5bn and targets pan-European and transatlantic healthcare. Singapore-based CBC, founded in 2014, manages about $10.8bn with offices in Shanghai, Beijing, Hong Kong, New York, Seoul and Abu Dhabi.
