Investments

Sarwa Capital

Sarwa Capital is the largest independent consumer finance provider in Egypt targeting primarily the unbanked population with over EGP 1.4 billion in loans booked in 2015. Sarwa Capital is alson the largest issuer of securitized bonds in Egypt with around EGP 6.6 billion issued till 2015 achieving the highest rating by a non sovereign. Sarwa Capital was founded in 2009 to act as a holding company for Contact Cars (“Contact”) and to expand into a wider range of financial services. Contact was founded in 2001 as the first independent consumer finance provider with a specialization in retail passenger car financing arranging loans in excess of EGP 7.5 billion, serving clients throughout Egypt. Sarwa Capital operates several distinct business lines in both retail and enterprise services. Its retail services mainly constitutes of auto loans to provide car loans for new and used passenger vehicles dictating the company as the country’s largest provider of consumer car loans, club memberships financing, consumer goods financing as well as mortgage financing. The company’s Enterprise services constitutes of debt securitization, SME leasing, insurance brokerage, as well as asset management.

In November 2015, the Egyptian-American Enterprise Fund (“EAEF”), under LCP’s management, acquired a majority stake in Sarwa Capital. The transaction included the injection of US$20 million of new capital to enhance the company’s capital base, in addition to buying out existing shareholders.

Read the full press release here.

Visit the company’s website  http://contact.eg

Fawry

Fawry

Fawry for Banking and Payment Technology Services (”Fawry”) was founded in 2009 as Egypt’s first electronic payment network. Today it is the largest payment services company in Egypt, serving millions of consumers and businesses with an unrivaled infrastructure network of 50,000 service points in 300 cities and suburbs across the country collecting over EGP 9 billion in 2015. The network serves over 15 million customers and offers numerous billing services including mobile top-up, bill payment as well payment facilitation for other numerous services. The company also provides B2B cash management services as well as electronic cash services.

In 2015, a consortium of international financial investors comprising of the Egyptian-American Enterprise Fund (“EAEF”), Helios Investment Partners (“Helios”) as well as the MENA Long-Term Value Fund acquired a majority stake in Fawry at a purchase price valuing the company at EGP 773 million, (approximately US$ 100 million). EAEF’s investment was completed under the management of LCP.

Read the full press release here.

Visit the company’s website  http://fawry.com

Orchidia

Orchidia Pharmaceutical Industries (“Orchidia”), is the leading Egyptian ophthalmic generic medicine manufacturer and one of the fastest growing pharmaceutical companies in Egypt amongst 45 companies operating in the Egyptian Ophthalmology market. Orchidia operates in 12 therapeutic segments including Artificial Tears & Eye Lubricants, Anti-Glaucoma and Contact Lens Solutions among others, encompassing over 98 eye care products currently registered or under the registration process. Orchidia was initially established as a local agent responsible for marketing and distributing eye care and general medicine products for numerous multinational pharmaceutical companies up until 2002. In 2003, the Company expanded its services from being a marketing service provider to a local manufacturer with the goal of producing affordable quality eye care products. In 2005, Orchidia began constructing its own manufacturing facility in Al-Obour city’s industrial area which commenced operations in 2009.

In November 2017, the Egyptian-American Enterprise Fund (“EAEF”), under LCP’s management, announced the acquisition of a significant minority stake in Orchidia Pharmaceutical Industries. The transaction consisted of a capital increase in addition to acquiring the stake owned by SPE Capital, formerly Swicorp Private Equity as well as a stake owned by the other shareholders.

Read the full press release here.

Visit the company’s website http://orchidiapharma.com

Misr Hytech

Misr Hytech is the leading breeder and producer of proprietary agricultural seeds in Egypt, and one of the Middle East and Africa’s largest independent seed companies. Founded in 1993, Misr Hytech develops and produces hybrid seeds of white corn, yellow corn, grain and fodder sorghum, sweet corn, and vegetables in Egypt. The Company provides farmers with high-performing seeds that are adapted to the Egyptian market, leveraging its well-known brand, “Hytech”. The Company is headquartered in Cairo, with local R&D and state-of-the-art seed cleaning and processing facilities. Misr Hytech has a strong portfolio of proprietary germplasm across key crops in Africa and the Middle East, which will be used to support the Company’s expansion across the continent. Corn is a core crop in Egypt and one of the most widely consumed across Africa, used for both animal feed and human consumption.

In June 2019, the Egyptian-American Enterprise Fund (“EAEF”), under LCP’s management, completed the acquisition of 96.7% of Misr Hytech Seed International alongside Helios Investment Partners, the leading Africa-focused private investment firm.

Read the full press release here.

Visit the company’s website http://hytechseed.com

NIS

NIS_logo

Established in 1999, Advanced Education for the Establishment, Management, and Ownership of Educational Facilities S.A.E (“NIS”) is one of the leading private school developers and operators in Egypt with three campuses, encompassing 9 schools and serving over 9,000 students under National, American, British and French education systems. NIS-American school is accredited by AdvancED, receiving one of the highest scores in the Middle East. In addition, NIS’s schools also hold accreditations from British and French government agencies, as well as Egypt’s Ministry of Education. NIS focuses on providing the highest quality affordable education leveraging its proprietary online education platform with a strong emphasis on technology. As of 2012, NIS started the student-centered learning, based on technology with the introduction of online curriculum mapping and student information system. Today, NIS is the leading fully-blended learning institution in Egypt adopting the Flipped Classroom and Flex model, with an online platform of 35,000 proprietary videos, over 60,000 topic-aligned questions, and over 28,000 curriculum-aligned PowerPoints covering 4 educational systems across 3 languages.

In May 2019, the Egyptian-American Enterprise Fund (“EAEF”), under LCP’s management, completed the acquisition of a significant minority stake in NIS. The transaction was structured primarily as a capital increase, providing growth capital to fund the expansion of the schools’ footprint across Egypt, in addition to further developing its proprietary online blended learning platform.

Read the full press release here.

Visit the company’s website  http://nis-egypt.com.com