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Wednesday, 9 May 2018

Alta Semper Capital opens regional office in Cairo

London-based private equity firm Alta Semper Capital opened yesterday a new regional office in Cairo, according to an emailed statement. The office will serve Egypt and the region through investments in the consumer and healthcare sectors. “There are many interesting investment prospects in Egypt to which we can apply our international experience,” said Managing Partner and CEO Afsane Jetha. Former CI Capital Director of Investment Banking Ahmed Rady will head the new office. Alta Semper had partnered with CI Capital Partners back in 2016 to acquire stake in healthcare products outfit Macro Pharma. The transaction was Alta Semper’s first investment in Egypt.

Alta Semper deserves credit: With all due respect to our friends in the Emirates: post the devaluation of the EGP, there is little economic rationale for buysiders, PE types, financial services companies, lawyers or other service providers to base their regional HQs out of Dubai.

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