Wednesday, 1 July 2015
Last updated 5 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…