Clifford Chance has advised Medical Credit Fund on the deal.
Medical Credit Fund (MCF), a debt fund fully dedicated to the African health sector, on the establishment of its second fund, Medical Credit Fund II (MCF II).
MCF is fully dedicated to small and medium-sized health enterprises (SMEs) in Africa and provides loans to healthcare providers allowing them to grow their businesses, purchase equipment, improve quality and to prevent medicine stock outs. Loans are combined with support for business and quality improvement using the PharmAccess – SafeCare standards and methodology, through which 80% of the clients are able to improve their services. MCF II is structured as a blended finance initiative backed with equity by the Dutch Ministry of Foreign Affairs and credit by a number of well-known DFIs. The funding for MCF II will be used to advance its product offering and digital loans across sub-Saharan Africa.
The Clifford Chance team was led by Michiel Sunderman (Picture) and Tjerk de Jonge and consisted of Mark-Jan Arends, Robert Smits, Pascal Borsjé, Erwin Schreuder, Daan Smole, Marina Sarkisjan, Zoë van den Broek and Jorrit Posthuma de Boer.
Involved fees earner: Mark Jan Arends – Clifford Chance; Pascal Borsjé – Clifford Chance; Tjerk de Jonge – Clifford Chance; Marina Sarkisjan – Clifford Chance; Erwin Schreuder – Clifford Chance; Robert Smits – Clifford Chance; Daan Smole – Clifford Chance; Michiel Sunderman – Clifford Chance;
Law Firms: Clifford Chance;
Clients: Medical Credit Fund ;