GHO Capital and CBC Group merge to form $21bn global healthcare investment powerhouse

Healthcare investor GHO Capital and Asian healthcare-focused asset manager CBC Group have agreed to combine their operations, creating the world's largest dedicated healthcare investment manager with more than $21 billion (€17.7 billion) in assets and a presence spanning three continents.

According to BioXconomy, the merged entity will operate across 13 offices in North America, Europe and Asia-Pacific, with more than 200 investment and operating professionals. The transaction is expected to close in early 2027, with both firms continuing to operate independently until completion.

The strategic rationale centres on complementary geographic reach. GHO Capital gains immediate access to Asia-Pacific markets and on-the-ground expertise, while CBC Group secures enhanced global market insight and execution capabilities across Europe and North America.

A GHO spokesperson said the combination reflects the increasingly borderless nature of healthcare as an industry. "Healthcare is one of the very few industries where every living person is an end user, and increasingly it operates as a global ecosystem that is not constrained by borders. By bringing these firms together, a firm has been created that has the scale, reach and local expertise to operate seamlessly across North America, Europe and APAC, the regions that account for around 90% of healthcare R&D spend."

On Asia-Pacific specifically, the spokesperson said access to the region is now a strategic imperative for healthcare businesses globally. "APAC is an increasingly important part of the global healthcare ecosystem, and for many healthcare businesses today, having an Asia market entry strategy is becoming an important part of long-term growth."

Mike Mortimer and Fu Wei will serve as co-chief executives of the combined firm, with Andrea Ponti and Alan MacKay assuming board responsibilities for group finance and group governance respectively.

Read the full story on the GHO and CBC merger in the complete coverage.