Reliance Health, Inc.’s Series B Funding Round

Freshfields advised General Atlantic on the deal, while Duale, Ovia & Alex-Adedipe advised Reliance Health Inc.

General Atlantic, a leading global growth equity investor, invested in the Series B funding round of Reliance Health, Inc., an emerging-markets-focused digital healthcare provider primarily based in Nigeria and in the process of expanding further into Africa. This transaction was part of a $40m funding round that General Atlantic led, the largest of its kind in African health tech, and marks General Atlantic’s first technology investment in Africa.

The Freshfields team advising on the transaction was led out of the Dubai and New York offices by partners Rob Cant (Picture) and Andrea Basham; Senior Associate Maha Osman; associates Wael Zwain, Nalothiya Nambirajah and Daria Butler; and Trainee Ololade Omisore, with support from Senior Associate Laura Frühauf. Advice on P&R matters was provided by Partner Lori Goodman and Associate Jeffrey Anand. IP/IT advice was provided by Partner Giles Pratt and Associate Vincent Lim. BIT advice was provided by Partner Sami Tannous and Associate Engie Mohsen. Regulatory advice was provided by Partner Nabeel Yousef and Associate Ruth Montiel. Competition advice was provided by Partner Paul Van Den Berg and Associate Bart Verheijen. Advice on tax matters was provided by Counsel Dennis Caracristi.

The Duale, Ovia & Alex-Adedipe team was led by Managing Partner Adeleke Alex-Adedipe (Picture), Chika Oke, Amanze Izundu and Tobiloba Awosika.

Involved fees earner: Adeleke Alex-Adedipe – Duale, Ovia & Alex-Adedipe; Tobiloba Awosika – Duale, Ovia & Alex-Adedipe; Amanze Izundu – Duale, Ovia & Alex-Adedipe; Chika Oke – Duale, Ovia & Alex-Adedipe; Jeffrey Anand – Freshfields Bruckhaus Deringer LLP; Andrea Basham – Freshfields Bruckhaus Deringer LLP; Rob Cant – Freshfields Bruckhaus Deringer LLP; Dennis Caracristi – Freshfields Bruckhaus Deringer LLP; Laura Frühauf – Freshfields Bruckhaus Deringer LLP; Lori Goodman – Freshfields Bruckhaus Deringer LLP; Engie Mohsen – Freshfields Bruckhaus Deringer LLP; Ruth Montiel – Freshfields Bruckhaus Deringer LLP; Nalothiya Nambirajah – Freshfields Bruckhaus Deringer LLP; Maha Osman – Freshfields Bruckhaus Deringer LLP; Giles Pratt – Freshfields Bruckhaus Deringer LLP; Sami Tannous – Freshfields Bruckhaus Deringer LLP; Paul Van Den Berg – Freshfields Bruckhaus Deringer LLP; Bart Verheijen – Freshfields Bruckhaus Deringer LLP; Nabeel Yousef – Freshfields Bruckhaus Deringer LLP;

Law Firms: Duale, Ovia & Alex-Adedipe; Freshfields Bruckhaus Deringer LLP;

Clients: General Atlantic; Reliance Health Inc.;

Giulia Di Palma

Author: Giulia Di Palma