Back to the complete issue
Tuesday, 15 September 2020

Ezdehar Egypt Mid-Cap Fund acquires minority stake in Al Tayseer Healthcare Group

M&A WATCH- Ezdehar Egypt Mid-Cap Fund has acquired a minority stake in Al Tayseer Healthcare Group, according to an Ezdehar statement (pdf). The statement does not disclose the exact size of the stake or the value of the acquisition. Al Tayseer  — which the Egypt-focused PE outfit began eyeing up earlier this year — has been pushing ahead with a EGP 700 mn expansion plan, including building a new hospital on the Banha-Mansoura road and upgrading its Zagazig Hospital to add 90 beds to its capacity.

Ezdehar is looking to help Al Tayseer invest more in its hospitals, and also its laboratories, according to the statement. Ezdehar founding partner Emad Barsoum had said last month that the firm — whose limited partners include the European Bank for Reconstruction and Development, the European Investment Bank, UK’s CDC Group, and the Netherlands’ FMO — has drawn down most of the funds committed to its midcap fund and was likely to make its final investment soon. It is unclear whether the final investment is the stake purchase in Al Tayseer. Barsoum said in August the firm is in the market to raise a further USD 200 mn to invest in midcap companies.

CORRECTION- 17 September, 2020

A previous version of this story incorrectly spelled Al Tayseer as Al Taisier. 

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; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.