Original disclosure @ IFC website
Updated in EWS May 7, 2022
Disclosed by Bank Oct 14, 2021
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According to bank provided nformation, the proposed investment is an equity investment of up to US$20 million, capped at 20% of final fund size into Ezdehar Mid-Cap Fund II Coöperatief U.A. (Fund or Ezdehar II), a mid-cap private equity (PE) fund focused on growth equity transactions in Egypt and targeting US$150 million in total commitments. The Fund’s investment strategy will be to seek minority and selective majority stakes in 6-8 high growth small to mid-cap companies with investments ranging US$5-30 million per company, primarily in Egypt.
The target size of the Fund is US$150 million. IFC’s proposed investment in the Fund is up to US$20 million, not to exceed 20% of total Fund commitments, and IFC not to be the single largest investor.
The Fund will be advised by Ezdehar, LLC (Fund Manager), co-led by its two founding partners, Emad Barsoum and Amir Mishriky who have substantial experience in the Egypt PE Market and have strong investing and operating experience. The Fund Manager previously raised a US$84 million fund in 2017 (Fund I), that has been deployed across seven investments in the Egypt mid-cap space.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
Building C7, Pyramids Heights Business Park, KM22, Alex Desert Rd, Giza, 12556 Cairo, Egypt
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