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Monday, 11 May 2020

CDC closing in on USD 100 mn investment in unnamed healthcare player

INVESTMENT WATCH- CDC closing in on USD 100 mn investment in unnamed healthcare player: The UK’s CDC Group is planning to invest north of USD 100 mn in an unnamed player in Egypt’s healthcare sector, the local press reports, citing sources in the know. The investment is reportedly expected to happen within the next few weeks. To date, CDC has made 22 investments in Egypt, including as a limited partner in funds managed by emerging markets private equity firm Actis that took stakes in Edita and Integrated Diagnostics Holdings. CDC has also provided tier-2 capital to banks including CIB and made commitments to a venture capital fund managed by Sawari Ventures and and a small- and midcap fund managed by Ezdehar.

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