Back to the complete issue
Sunday, 15 March 2020

EIP establishes Levant Fund targeting SMEs in Egypt, Jordan, Lebanon, and Iraq

INVESTMENT WATCH- Private equity outfit EIP looking at SMEs in Egypt, Jordan, Lebanon, Iraq: Private equity firm Emerging Investment Partners (EIP) has raised USD 60 mn for its EIP Levant Fund, which will target SMEs in Egypt, Lebanon, Jordan, and Iraq, according to an emailed statement (pdf). Key investors include the International Finance Corporation and the Dutch Good Growth Fund, as well as Obegi Group, Alfadel Group, and Capital PE. The fund is looking to take stakes in SMEs with turnover under USD 50 mn, writing tickets in the USD 1-6 mn range. EIP started fundraising in 2016, at which time Managing Director Karim Burhani said that 50% of the target funding will be channeled to Egypt.

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. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; 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; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.