Friday, 25 July 2014
Last updated 1 hour 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…