Northgate Capital acquires a minority stake in HDS

Published: 11/March/2014

Mexico City, March 6th.-Northgate Capital, the global private equity fund manager, has acquired a minority stake in Health Digital Systems, S.A.P.I. de C.V. through a transaction that allows Northgate to inject capital up to US$25 million.

HDS is a leading healthcare IT company with operations in Mexico and Latin America. The company’s products are designed for each constituency in the healthcare ecosystem, and streamline administrative and clinical workflow, reduce cost and improve the quality of care for patients.

Northgate’s capitalization in the company will be used to further develop HDS software products and execute its expansion plan. Several initiatives are currently underway to grow the firms’ operations in Mexico and in Latin America. Northgate is joining a solid base of active shareholders, including the group of founding individuals, Nafin (Mexican development bank) and WAMEX Private Equity.

“Mexico and Latin America are in the need of specialty technology for their healthcare institutions. With the favorable political and regulatory framework already in place in some Latin American countries, and expected to have in Mexico, we find the current environment extremely attractive to continue expanding our business offering. We are excited to be partnering with Northgate, a firm that shares our goals and vision for growth and success.” said Jaime Cater Gutierrez, founder and CEO of HDS.

“Northgate’s involvement will enhance our ability to continue creating value in our portfolio Company: HDS” said Ernesto Warnholtz, Founder and Managing Partner at Wamex Private Equity.

“We are pleased to partner with HDS’s exceptional management team and to support the continued growth of not only the company but also the Mexican healthcare system,” said Alfredo Alfaro, Managing Director at Northgate Capital and Head of its Mexico City Office.

About Northgate Capital

Founded in 2001, Northgate Capital is a leading global private equity fund manager, with offices in seven countries. With more than US$4 billion in committed capital, Northgate has built a platform of over 35 investment professionals across Europe, North America, Latin America and Asia. For more information, please visit