Back to the complete issue
Wednesday, 23 January 2019

SPE Capital looks to acquire up to 40% stake in Future Pharma

M&A WATCH- SPE Capital looks to acquire up to 40% stake in FuturePharma: Emerging markets-focused private equity outfit SPE Capital (Swicorp) is currently in talks to acquire a 30-40% stake in FuturePharma, sources close to the talks tell Al Mal. The transaction is expected to cost SPE up to EGP 400 mn, the source noted. They expected the transaction to close before the end of 1Q2019. SPE has a history of investing in Egypt’s healthcare sector, including OrchidiaPharma, a stake in which it sold to the Egyptian American Enterprise Fund (EAEF) back in 2017.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2021 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; and Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Abu Auf (tax ID: 584-628-846), the leading health foodmaker in Egypt and the region.