News

EAEF Announces an Investment in Sarwa Capital

Cairo, Egypt, November 30, 2015 – The Egyptian-American Enterprise Fund (“EAEF”) today announced that it has entered into conditional binding agreements to invest in Sarwa Capital S.A.E. (“Sarwa Capital”), a pioneer in consumer finance, leasing and securitization in Egypt. The transaction includes the injection of US$20 million of new capital to enhance the company’s capital base, in addition to acquiring some existing stakes giving EAEF a majority stake in the business.

EAEF Joins a Consortium of International Investors to Acquire Majority Stake in Fawry

Cairo, Egypt, November 11, 2015 – The Egyptian-American Enterprise Fund (EAEF) today announced that it has formed a consortium with Helios Investment Partners (Helios) and the MENA Long-Term Value Fund (MENA LTV Fund) to acquire a majority stake in Fawry, the leading electronic bill payment platform in Egypt. The agreement was reached at a purchase price of EGP 773 million, or approximately US$ 100 million. Fawry provides users with a secure electronic bill presentment and payment services solution, connecting consumers, merchants, governments and financial institutions on a consolidated gateway that is accessible through multiple channels, including Point of Sale (POS) machines, ATMs and mobile wallets.

EAEF Announces an Investment in Orchidia Pharmaceutical Industries

Cairo, Egypt, November 1, 2017 – The Egyptian-American Enterprise Fund (“EAEF”) announced today that it has entered into binding agreements to acquire a significant minority stake in Orchidia Pharmaceutical Industries (the “Company” or “Orchidia”), the leading Egyptian ophthalmic generic medicine manufacturer and one of the fastest growing pharmaceutical companies in Egypt. The transaction is being executed through EAEF’s investment manager Lorax Capital Partners (“LCP”). The transaction consists of a capital increase that will be subscribed to by EAEF and Dr. Ossama Abbass, the founder, majority shareholder and Chairman of the Company, in addition to acquiring the stake owned by SPE Capital, formerly Swicorp Private Equity as well as a stake owned by other minority shareholders. The proceeds of the capital increase will be used to enhance the capital base of the Company and finance its expansion plans.

EAEF and Helios Investment Partners acquire majority stake in Misr Hytech

London, UK, 3rd June, 2019 – Helios Investment Partners (“Helios”), the leading Africa-focused private investment firm, and the Egyptian-American Enterprise Fund (“EAEF”) through their investment manager Lorax Capital Partners (“LCP”) have announced today the acquisition of 96.7% of Misr Hytech Seed International (“Misr Hytech” or the “Company”), a 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”. Misr Hytech’s products contribute to addressing Egypt’s fast-growing demand for food and animal feed, whilst improving food security by enhancing domestic farming productivity. The Company is headquartered in Cairo, with local R&D and state-of-the-art seed cleaning and processing facilities.

EAEF Announces Investment in  Advanced Education for the Establishment, Management, and Ownership of Educational Facilities S.A.E

Cairo, Egypt, May 11th, 2019 – The Egyptian-American Enterprise Fund (“EAEF”) announced today that it has completed the acquisition of a significant minority stake in Advanced Education for the Establishment, Management, and Ownership of Educational Facilities S.A.E. (the “Company”). The Company exclusively manages and operates Dr. Nermien Ismail Language Schools (“NIS”), one of the largest blended learning and technology focused private school platforms in Egypt. The Company currently operates 9 schools with over 9,000 students, leveraging its proprietary online blended learning platform.