Dec 7 Private equity firm CVC Capital Partners
Ltd said on Wednesday it has hired Fazle Husain as head of its
U.S. healthcare investment team.
CVC has made numerous healthcare investments in Europe, but
has yet to make a major investment in the U.S. It hired Cathrin
Petty as head of its European healthcare team in July.
"Our U.S. effort will collaborate with our global presence
to identify and execute on new opportunities," Husain said. "We
expect that our global healthcare expertise will be a
differentiating factor for our U.S. healthcare effort."
The hire comes as U.S. President-elect Donald Trump has
vowed to repeal and replace the Affordable Care Act (ACA), also
known as Obamacare, raising questions about the future of the
roughly 20 million people who rely on its for coverage.
Husain was previously the healthcare investing lead at
Metalmark Capital, another buyout firm. Before that, he was a
managing director at Morgan Stanley's private equity
business, where he spent 18 years.
Current CVC healthcare investments include Alvogen, an
Icelandic pharmaceutical company, and DOC Generici, a generic
drug maker based in Italy.
In addition to Husain, CVC has added two other senior U.S.
hires this year; Tom Kichler, who leads industrials and energy
in the U.S., and Chris Colpitts, who heads technology, media and
(Reporting by Carl O'Donnell in New York; Editing by Marguerita