M&A WATCH- Ezdehar closes acquisition of ‘strategic’ stake in loyalty programs provider Dsquares: Our friends at Ezdehar Management have completed the acquisition of a strategic stake in in digital marketing and IT solutions firm Dsquares, the company said in a press release. “We are excited to back the Dsquares team as it grows its footprint. Dsquares’ growth track record over the past few years is a testament to Dsquares’ leadership in the loyalty and rewards space in Egypt and the region,” said Ezdehar Managing Director Emad Barsoum. The company declined to size the acquisition, but sources close to the transaction tell us it was “a significant minority stake.”