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

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.