Northgate Capital Acquires a Minority Stake in HDS (Latin America)

Source: Northgate Capital

Global private equity fund manager Northgate Capital has acquired a minority stake in Mexico-based healthcare information technology provider Health Digital Systems (HDS), injecting up to US$25 million in the company. HDS intends to use the fresh capital to develop software products and business expansion. Other shareholders in the company include Mexican development bank Nacional Financiera and Mexico-focused private equity fund manager WAMEX Private Equity.