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Sunday, 19 November 2017

Gulf Capital to invest USD 110 mn in Egypt over the coming few years

M&A WATCH- UAE-based private equity firm Gulf Capital is considering investing USD 110 mn in Egypt over the coming two years in the marine industries, logistics and infrastructure sectors, the firm’s Managing Director Walid Cherif tells Daily News Egypt. The company is in talks to acquire a stake worth USD 25-30 mn in port logistics company Amiral Holdings, he said. Cherif did not specify any other targets, but said his firm was targeting on-controlling interests of 10-50% for a period of between five to seven years before making an exit.

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