Corinthia leads refinancing of health services provider Hygie31

Private credit platform Corinthia Global Management has announced it is the lead lender in supporting Latour Capital’s refinancing of its services provider Hygie31.

Hygie31 provides health and wellness services to pharmacies, optic centres and medical equipment stores in France. The refinancing, which closed on Monday, will fund its expansion in the sector.

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Corinthia, backed by Nomura Holdings, is a relatively new player in the market, having launched in March 2024 with the aim of generating “attractive risk-adjusted returns for investors by investing in private debt instruments while offering flexible financing for borrowers”.

Shortly following its launch, the firm faced legal opposition after it poached a number of fund managers from investment management firm Barings.

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“We are delighted to partner once again with the outstanding management team at Hygie31 with the support of Latour Capital,” Alice Foucault, managing director, European investments at Corinthia said of today’s announcement.

“This new financing will contribute to help Hygie31 pursue its mission of making healthcare accessible to as many people as possible and to consolidate its role as a European leader in the sector.”

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