Private equity firm Ezdehar suspends deal in Egypt, aiming to be more “selective” in the future
The local fund manager, which closed its fund at $170 million last year, is anticipating future turmoil in the Egyptian economy and is easing up on its investment activity.
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▪ Private equity firm Ezdehar suspends deal in Egypt, aiming to be more “selective” in the future
▪ The local fund manager, which closed its fund at $170 million last year, is anticipating future turmoil in the Egyptian economy and is easing up on its investment activity.
▪ https://www.africabusinessplus.com/en/814648/private-equity-firm-ezdehar-suspends-deal-in-egypt-aiming-to-be-more-selective-in-the-future/
According to Africa Business+ sources, a first deal has already fallen victim to the caution of Ezdehar‘s partners. At the end of 2022, while finalising its acquisition of a stake in the Zahran Market grocery shops, Ezdehar was also positioned to enter into the capital of an unspecified asset in the pharmaceutical sector. Through the latter, Ezdehar was ready to sign its second transaction with Ezdehar Mid-Cap Fund II, the vehicle it closed last June.
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