Quadria Capital Opens Dubai Office after NephroPlus IPO
Healthcare-focused private equity firm Quadria Capital has expanded into the Middle East by opening a new office in Dubai, marking a strategic move to strengthen its presence in Gulf markets.
The expansion follows Quadria’s partial exit from Nephrocare Health Services (NephroPlus) through a successful initial public offering in India. NephroPlus operates dialysis centers across India, the Philippines, Uzbekistan and Nepal. The IPO, Quadria’s first exit from its $1 bn Fund III, was oversubscribed 27 times by institutional investors and priced at a 7% premium.
Quadria said the Middle East push complements its core focus on South and South-East Asia. NephroPlus is also planning to enter Saudi Arabia as part of the firm’s broader strategy in Gulf Cooperation Council (GCC) countries.
The firm aims to target opportunities in healthcare services, pharmaceutical manufacturing, consumer healthcare and digital health, leveraging its sector expertise and the strong presence of South Asian communities in the region. Quadria acknowledged talent shortages in healthcare roles in the GCC but said its operational experience positions it well to address these challenges.
Kursiv Uzbekistan also reports that on December 19, President Shavkat Mirziyoyev started his official trip to Japan with a meeting with Emperor Naruhito.
