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Monday, 5 October 2020

Lorax Capital in talks to acquire Ezdehar’s stake in Dsquares

M&A WATCH- Has Ezdehar found a buyer for its stake in Dsquares? Lorax Capital Partners is reportedly looking to acquire Ezdehar Egypt Mid-Cap Fund’s 22.5% stake in loyalty services provider Dsquares, the local press reports, citing sources with knowledge of the matter. The sale could be worth more than double what the PE outfit paid for its stake two years ago, the sources suggested, stopping short of pointing to a specific value for the transaction. Ezdehar’s founding partner Emad Barsoum said last week that it is planning to exit Dsquares, as well as two other companies, in the coming six months. Lorax Capital is an Egypt-focused private equity firm that manages the Egyptian-American Enterprise Fund’s funds and makes investments on its behalf.

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