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Thursday, 28 March 2019

SPE AIF I makes equity investment in Future Pharm. Industries

INVESTMENT WATCH- SPE Capital Partners takes stake in Future Pharm. Industries: SPE Capital Partners made an equity investment in Egyptian pharma company Future Pharm. Industries (FPI) through its SPE AIF I fund, according to a company statement (pdf). The size of the investment was not disclosed. The agreement is a result of talks that have been ongoing for the past year. FPI positions itself as one of the fastest-growing manufacturers of generics in Egypt, according to the statement. SPE Capital’s SPE AIF I is PE fund that targets small and lower-mid cap companies valued at between USD 30 and USD 80 mn. SPE, previously known as Swicorp Capital, already has a stake in Egypt’s Orchidia.

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