EuroMena Fund co-invested $8.5 million in Egyptian holding group
The EuroMena Fund, a private equity fund by Capital Trust Group announced, in cooperation with French government development arm Proparco, $8.5 million investment in Wadi Holdings, a holding company operating in the agricultural and food industries in Egypt.
Wadi Holdings owns 14 subsidiaries operating in the agricultural and food industries with revenues of around $240 million. Euromena and Proparco will assist Wadi Holdings in its expansion and growth plans. EuroMena has contributed $5.5 million and Proparco contributed $3 million.
The EuroMena Fund is a $65m private equity fund sponsored by Capital Trust Group, dedicated to the MENA region. Industries and regional focus include construction materials, banking, financial services, printing and packaging food, IT, insurance, etc in Egypt, Jordan, Lebanon and Palestine.
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