22 Mar 2017 Ezdehar Egypt Mid-Cap Fund Completes its First Acquisition
Ezdehar Management (“Ezdehar”), an Egypt-based investment management firm, announces that it has completed its first investment in the Nile Aluminum and Metals Company (“AluNile S.A.E.”).
Established in 1999, AluNile is Egypt’s leading manufacturer and installer of glass and aluminum architectural facades. The company’s range of products includes curtain walls, doors, window frames, skylights, and processed flat glass that are used in residential, commercial, and office buildings.
Notable past project awards include the American University in Cairo new campus, Cairo International Airport – terminal 2, office parks (Capital Business Park, the Polygon, Smart Village, and SECON business towers), and shopping centers (Mall of Egypt, Mall of Arabia, Almaza City Center).
Ezdehar was attracted to AluNile’s leading position in the Egyptian market providing high quality products to serve the construction and real estate sector which is expected to continue to grow as a byproduct of population growth and continued growth in Egypt’s commercial real estate sector. Further, Ezdehar believes that AluNile is well-positioned to export its products into neighboring countries and intends to support the Company’s excellent management team to take the AluNile to new markets.
AluNile’s management team believes that Ezdehar is a value-add partner, which Ezdehar demonstrated before even concluding the transaction. In the months preceding the transaction, Ezdehar worked closely with the whole management team on building a detailed strategy to help streamline operations and focus on the right growth levers.