Egyptian JV Preps Buyout Fund

Jul 17 2008 | 10:10am ET

Cairo, Egypt-based Beltone Financial, an investment bank, is joining forces with France’s SIGEFI Private Equity to invest in small- and medium-sized enterprises in Egypt and countries on the Gulf Cooperative Council.

The joint venture is launching a US$150 million private equity fund to invest in SMEs or potential spin-offs from large companies with growth and export potential. A.M. Omran, director of Beltone Private Equity, will be the managing director of the new JV. SIGEFI will provide its “long global knowledge” to the fund, appoint a representative on the investment committee and participate in the management team.

Beltone Private Equity was established in 2005 as the private equity of Beltone Financial and currently manages US$500 million in assets.


In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of