16 SEP 2016 –
Ezdehar Management (“Ezdehar”), an Egypt-based Investment Management firm, announces that it has achieved a first close for its inaugural Ezdehar Egypt Mid-Cap Fund with USD 70 million in commitments.
The European Bank for Reconstruction and Development (“EBRD”), and the Sawiris Family are the fund’s corner-stone investors together with the CDC Group PLC, the Dutch Development Bank (“FMO”), and several Egyptian high-net-worth individuals.
The Egypt Mid-Cap Fund is a USD 100 million investment vehicle mandated to invest in mid-cap enterprises in fast-moving consumer goods, consumer retail, healthcare, education, basic materials, and industrial manufacturing. The Fund is launched and managed by Ezdehar, a Cairo-based investment management firm led by Dr. Emad Barsoum, a seasoned executive and private equity professional