LBO France’s Digital Health 2, which has a targeted close of about $240m, has secured Orange and its Enovacom subsidiary as a limited partner.
Mobile network operator Orange has committed an undisclosed amount of capital to France-headquartered private equity firm LBO France’s Digital Health 2 (DH2) fund through its Orange Digital Investment vehicle.
DH2 has a €200m ($238m) target for its close and is tasked with investing in small-to-medium sized businesses in the digital health sector. Its target areas are France and the rest of Western Europe.
Orange’s contribution was made as a strategic investment connected to Enovacom, the business-to-business digital health unit overseen…
