Hony, Goldman Lead $610M Investment In Neusoft Corp
Summary
Shenyang City-headquartered Chinese IT solutions and service provider Neusoft Corporation says it intends to sign an agreement with an investor consortium including Chinese private equity firm Hony Capital and Goldman Sachs to invest in Neusoft’s two subsidiaries as strategic investors to help the company transform and further expand its healthcare businesses, according to a company announcement. The investor consortium, including Hony Capital, Goldman Sachs, Neusoft Holdings, Canada Pension Plan Investment Board (CPPIB), Chinese venture firm Frontline BioVentures and others, will invest a total of US$610 million via three separate transactions. Hony Capital, Goldman Sachs, Neusoft Holdings and other investors will concurrently inject US$170 million in another subsidiary, Neusoft Xikang Healthcare Technology Co., Ltd., a provider of online and offline platforms connecting medical institutions, doctors, families and individuals using big data and cloud computing. The subsidiary has built a service network covering more than 5,000 urban and rural communities and over 20 million individuals in China. "Healthcare industry is one of Hony Capital’s primary focuses as we have spent ten years on the investment of pharmaceuticals, medical equipments and medical services," says John Zhao, founder and CEO of Hony Capital, in the statement.