NEWS

LCP FUND II MAKES INVESTMENT IN MNT-HALAN

Cairo, Egypt, 8 September 2021

MNT-Halan, Egypt’s leading fintech ecosystem, announced today a circa US$120 million investment by major global and regional growth investors: Apis Growth Fund II, Development Partners International (DPI), and Lorax Capital Partners.

LCP FUND II MAKES INAUGURAL INVESTMENT IN DSQ GROUP

Cairo, Egypt, 6 December 2020

LCP Fund II announces today the acquisition of a significant minority stake in DSQ Group, one of the leading end-to end loyalty and rewards solutions providers in the CEMEA region serving over 45 local and international clients and with a reach of more than 100 million customers.

LCP CONCLUDES THE FIRST CLOSE OF LCP FUND II

Cairo, Egypt, 1 October 2020

LCP has concluded the first close of LCP Fund II at a size of USD 142 million. EAEF, EBRD, IFC, EIB and Proparco were the participants of the first close. LCP is targeting a final close  of USD 250 million for LCP Fund II.

INITIAL PUBLIC OFFERING OF FAWRY

Cairo, Egypt, 1 August 2019

EFG Hermes Promoting and Underwriting S.A.E. announces the successful closing of the Institutional Offering for the Initial Public Offering of Fawry for Banking and Payment Technology Services S.A.E., the leading e-payments player in Egypt. The Institutional Offering was 15.9x oversubscribed at the Offer Price of EGP 6.46 per share.

EAEF ANNOUNCES INVESTMENT IN  ADVANCED EDUCATION FOR THE ESTABLISHMENT, MANAGEMENT, AND OWNERSHIP OF EDUCATIONAL FACILITIES S.A.E

Cairo, Egypt, May 11th, 2019

The Egyptian-American Enterprise Fund (“EAEF”) announced today that it has completed the acquisition of a significant minority stake in Advanced Education for the Establishment, Management, and Ownership of Educational Facilities S.A.E. (the “Company”). The Company exclusively manages and operates Dr. Nermien Ismail Language Schools (“NIS”), one of the largest blended learning and technology focused private school platforms in Egypt. The Company currently operates 9 schools with over 9,000 students, leveraging its proprietary online blended learning platform.

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EAEF AND HELIOS INVESTMENT PARTNERS ACQUIRE MAJORITY STAKE IN MISR HYTECH

London, UK, 3rd June, 2019

Helios Investment Partners (“Helios”), the leading Africa-focused private investment firm, and the Egyptian-American Enterprise Fund (“EAEF”) through their investment manager Lorax Capital Partners (“LCP”) have announced today the acquisition of 96.7% of Misr Hytech Seed International (“Misr Hytech” or the “Company”), a leading breeder and producer of proprietary agricultural seeds in Egypt, and one of the Middle East and Africa’s largest independent seed companies.

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INITIAL PUBLIC OFFERING OF SARWA CAPITAL

Cairo, Egypt, 4 October 2018

Sarwa Capital Holding for Financial Investments S.A.E., the leading provider of consumer and structured finance solutions in Egypt, announces today that it has successfully concluded the book-building process for, and pricing of, the Institutional Offering of 265,653,658 ordinary shares at a price of EGP 7.36 per share.

EAEF ANNOUNCES AN INVESTMENT IN ORCHIDIA PHARMACEUTICAL INDUSTRIES

Cairo, Egypt, November 1, 2017

The Egyptian-American Enterprise Fund (“EAEF”) announced today that it has entered into binding agreements to acquire a significant minority stake in Orchidia Pharmaceutical Industries (the “Company” or “Orchidia”), the leading Egyptian ophthalmic generic medicine manufacturer and one of the fastest growing pharmaceutical companies in Egypt. The transaction is being executed through EAEF’s investment manager Lorax Capital Partners (“LCP”). The transaction consists of a capital increase that will be subscribed to by EAEF and Dr. Ossama Abbass, the founder, majority shareholder and Chairman of the Company, in addition to acquiring the stake owned by SPE Capital, formerly Swicorp Private Equity as well as a stake owned by other minority shareholders. The proceeds of the capital increase will be used to enhance the capital base of the Company and finance its expansion plans.

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EAEF ANNOUNCES AN INVESTMENT IN SARWA CAPITAL

Cairo, Egypt, November 30, 2015

The Egyptian-American Enterprise Fund (“EAEF”) today announced that it has entered into conditional binding agreements to invest in Sarwa Capital S.A.E. (“Sarwa Capital”), a pioneer in consumer finance, leasing and securitization in Egypt. The transaction includes the injection of US$20 million of new capital to enhance the company’s capital base, in addition to acquiring some existing stakes giving EAEF a majority stake in the business.

EAEF JOINS A CONSORTIUM OF INTERNATIONAL INVESTORS TO ACQUIRE MAJORITY STAKE IN FAWRY

Cairo, Egypt, November 11, 2015

The Egyptian-American Enterprise Fund (EAEF) today announced that it has formed a consortium with Helios Investment Partners (Helios) and the MENA Long-Term Value Fund (MENA LTV Fund) to acquire a majority stake in Fawry, the leading electronic bill payment platform in Egypt. The agreement was reached at a purchase price of EGP 773 million, or approximately US$ 100 million. Fawry provides users with a secure electronic bill presentment and payment services solution, connecting consumers, merchants, governments and financial institutions on a consolidated gateway that is accessible through multiple channels, including Point of Sale (POS) machines, ATMs and mobile wallets.

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