Saturday, 18 April 2015
Last updated 15 hours ago
May 9 2008 | 5:24am ET
Sphinx Capital Corp, a British Virgin Islands-based private equity shop, is currently marketing a $100 million turnaround buyout fund, Sphinx Turnaround Fund, to invest in small and medium enterprises in Egypt.
The fund intends to invest $10 million to $15 million on average to acquire majority or controlling stakes in distressed or defaulting companies. It is targeting a first closing in July 2008 with committed capital of $75 million. The International Finance Corp is making an equity commitment of up to $20 million in the fund.
Sphinx Capital is majority owned by Citadel Capital an Egyptian p.e. firm founded in 2003 by Ahmed Heikal and Hisham El-Khazindar.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…