Nov 09, 2019.

Ezdehar Announces That It Has Invested And Acquired a 30% Stake In Family Group (“Family Group”) And Will Be Joining The Company’s Board Of Directors.

09 NOV 2019

With origins dating back to the 1980s, Family Group consolidates the ownership and operations of five companies to create Egypt’s leading integrated transport logistics and automotive services player. The Group encompasses (1) “Family Corporation” ‒ the leading provider of contract passenger and cargo transportation, (2) “Societe Francaise de Voitures (SFV)” ‒ an automotive spare part importer, wholesaler and distributor with agencies of leading international manufacturers, (3) “Automotive Fleet Services (AFS)” ‒ a provider of spare part supplies, maintenance & repairs as well as fleet management services, (4) “I-Al Tayyar” ‒ the recently acquired Egyptian subsidiary of Saudi based Al Tayyar Group, focused on touristic services including transportation, ticketing and end-to-end excursion management, and (5) “Family New Energy (FNE)” ‒ a startup electric vehicles operator with plans to sell, rent and lease electric vehicles.

Family Group’s companies have been growing at a steady rate for the past 5 years. Through the partnership with Ezdehar, Family Group plans to strengthen its core competencies through significant investments in technology and maintenance centers infrastructure, with a view to reaching a fleet size of 2,000+ technology enabled vehicles and offering 3rd party fleet maintenance services by the end of 2020.

Commenting on the transaction, Emad Iskander, Founder and Chairman of Family Group explained “we are excited to have a strategic partner like Ezdehar to support our next wave of growth. We believe that the company, through its diversified lines of business, operational excellence and customer-centric strategy is poised to become the leading transportation and automotive services group in Egypt and the region. Ezdehar’s investment will support the company in expanding its fleet size, maintenance workshops and distribution network as well as upgrading our technology and analytics platforms.”

“We are impressed by Family Group’s track record, scope of services and superior service quality as evidenced by their blue-chip client base,” said Ahmed ElOraby, Principal at Ezdehar Management. “We look forward to partnering with Family Group’s founders and management in scaling the company’s operations and fleet size and institutionalizing its capabilities.”

Family Group was advised by Al Tamimi & Company. Ezdehar was advised by Shahid Law Firm and Van Campen Liem.

About Family Group
Family Group is a leading automotive services player active in contract passenger and cargo transport as well as spare part distribution and commercial fleet services. The Group offers tailor-made services for clients, based on their needs and budget constraints, with customized routes and schedules, professional surveillance methods, and a wide range of vehicles. Furthermore, the Group is equipped with seven in-house maintenance centers along with body shops that can offer third party fleet servicing.

About Ezdehar Management
Ezdehar Management is a private equity fund manager investing in high growth businesses in Egypt. The firm’s first fund, the Ezdehar Egypt Mid-Cap Fund invests in mid-sized companies with high growth potential, operating in the country’s defensive sectors which benefit from its inherent macroeconomic and demographic growth drivers. The fund’s investors include the European Bank for Reconstruction and Development “EBRD”, the European Investment Bank “EIB”, the Dutch Development Bank “FMO”, the Commonwealth Development Corporation “CDC Group”, and leading Egyptian businessmen and women including Naguib Sawiris.

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