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Egypt Investors


 Arab investment firm EFG Hermes invested $208 million in French wind energy firm

efg edp franceArab investors of EFG Hermes investment bank acquired 49% of French wind energy firm for $208 million.

EDPR France, a subsidiary of EDP Renewables, one of the top four global renewable energy firms, has a portfolio of 33 operational wind farms. EFG Hermes has operations in Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia and the UAE and has more than 800 employees.

EFG Hermes is listed in the Middle East Investors Directory with the code OR29.

More details follows

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 Link Online acquires web portal Arabia.com

linkonline-dubaibeat.jpgEgyptian investors of Link Online, a subsidiary of OT Ventures, announced the acquisition of Arabia.com, an Arabic web portal.

They have chosen Dubai to be the hub of launching the new look of Arabia.com. OT Ventures' subsidiary Link Online, launched in 2004, has been the force behind some portals including Masrawy.com, Yallakora.com, and Otlob.com and most recently the launch of Jawhara.me, which took place in Dubai.

To see more investors from the Middle East like Egypt's OT Ventures, check our Middle East Investors Directory

More details follows from their release

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 Egypt's Weather II Investments acquired stake in Canada gold miner for $493 million

lamancha-egypt.jpgWeather II Investments, owned by Egyptian billionaire Naguib Sawiris, confirmed acquiring a stake in Canada's gold miner La Mancha Resources for $493 million USD.

The offer represents a premium of approximately 55.6% to the closing price of the Company's common shares on the TSX. Weather II is one of the many businesses managed by Sawiris. The wider Sawiris Family of Egypt have substantial indirect interests in existing operations in the telecoms, construction and fertilizers, cement, real estate and hotel development industries.

To see a list of investors from the Middle East similar to Waeather II check our Middle East Investors Directory

More details follows

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 Egyptian VC firm Ideavelopers invests in group buying website

vc egypt deal websiteThe Egyptian venture capital firm Ideavelopers just announced leading a Series A investment round in group buying site Offerna.com

Ideavelopers is a venture capital firm and a subsidiary of EFG-Hermes, the Egyptian private equity firm. The firm manages a $50 million fund focused on early stage technology companies. According to their website, they have invested over $25 million in 17 companies operating inside and outside Egypt. The terms of this deal is not announced. Abdullah Assal is the founder and CEO.

To see a list of venture capital firms from the Middle East check our Middle East Investors Directory

More details follows

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 Egyptian VC Sawari Ventures invests in two companies

sawari-alzwad.pngVenture capital firm Sawari Ventures announced its launch, as well as initial investments for its first fund in two companies: Alzwad Mobile Services and Vimov.

The fund is sponsored by Naguib Sawiris, chairman of Orascom Telecom. Ahmed El Alfi is its Founder & Chairman, Hany Al Sonbaty its Co-Founder and Managing Partner, while Leslie A. Jump is another Partner from Washington.

Sawari Ventures is listed in the Middle East Investors Directory with the code SIN43.

More details from their release follows

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 EFG Hermes launched $300 million Syrian private equity fund

syria-gulf.jpgEFG Hermes, a leading investment bank in the Arab world, will enter the Syrian market with the opening of its office and the simultaneous launch of a new private equity fund.

EFG Hermes Syria is a partnership between EFG Hermes (70%) and Syrian businessman Firas Tlass (30%). EFG Hermes Syria will offer full range of world-class investment banking, private equity, brokerage and asset management services and it will target multiple sectors within the Syrian economy, providing growth capital for established businesses as well as greenfield investments.

Gulf Finance House, another Islamic finance firm, is also launching one of the largest Islamic banks in Syria under the name of Syria Finance House (SFH). They are launching the bank as the leading and one of the largest Islamic banks in Syria, with a capital of $333 million.

EFH Hermes is listed in the Middle East Investors Directory with the code OR20.

Their full press release follows

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 Citadel Capital acquired 49% stake in Sheltam Railways Company

citadel-kenya.jpgCitadel Capital, one of the largest private equity firms in Africa and the Middle East acquired a 49% stake in Sheltam Railways Company, the largest single shareholder and lead investor in Rift Valley Railways of Kenya and Uganda.

Sheltam owns 35% of Rift Valley Railways and the transaction gives Citadel Capital an effective ownership of 17.5% of RVR. Citadel Capital will look to inject more than $150 million in Kenya Uganda Railways over the coming five years.

Citadel Capital is listed in the Middle East Investors Directory with the code EM08.

Their full press release follows

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 PepsiCo Joint Venture Acquires Egyptian Dairy and Juice Company

beyti almarai pepsicoInternational Dairy and Juice Limited (IDJ), a joint venture between PepsiCo and Almarai, announced that it has acquired Egypt's International Company for Agro-Industrial Projects (Beyti).

Beyti, founded in 2005, is a well recognized brand name in Egypt. It produces a range of high-quality dairy and juice products, including plain and flavored UHT milk, flavored yogurt, cheese and a variety of juices.

Their full press release follows

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Filed under Egypt Investors

More from Egypt Investors ...


  Egypt's Beltone and Pioneers to form the largest Middle East investment bank (December 2009)

  Egypt investors acquired stake in UK gold miner company for $3.1 million (October 2009)

  Citadel Capital acquired the Nile Company for Food Industries (July 2009)

  Egyptian holding Acquires 35% of Italian clothing firm for $35 million (March 2009)




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