Back to the complete issue
Tuesday, 28 April 2020

Ezdehar seeks minority stake in Al Taisier Medical -sources

M&A WATCH- Ezdehar Egypt Mid-Cap Fund is looking to acquire a minority stake in Al Taisier Medical Holding Group, writes Al Mal, citing sources familiar with the matter. The private equity outfit is still carrying out due diligence and has not yet come to an agreement on the stake size or final valuation.

Al Taisier is pushing ahead with its EGP 700 mn expansion plan despite the disruption caused by the covid-19 pandemic and is said to be in talks with several foreign funds and investors for financing and potential stake sales, the sources said. It has begun construction on an EGP 200 mn upgrade to its Zagazig Hospital, which will expand capacity by an additional 90 beds. The company is also looking to expand out of Sharqia, raising EGP 150 mn in fresh capital last year to build a new hospital on the Banha-Mansoura road.

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.