Longreen Capital Advisors completes acquisition of Egyptian International Restaurants Company

M&A WATCH- Longreen Capital Advisors announced that it has completed the acquisition of Egyptian International Restaurants Company, operator of El Omda chain of restaurants. “The founders and current management of the company will retain significant equity position and continue to drive the business in the coming period, assisted by new additions recruited from Longreen’s network into key operating and advisory roles,” the company said in a statement (pdf). The value of the acquisition was not disclosed. Hit the link and scroll down for bios of Longreen founders Heba Ayad and Ahmed Farouk, who bill their firm — a new entrant in the field — as a “middle-market private equity management firm that … aims to collaborate with businesses well positioned for profitable growth and that can benefit from Egypt’s demographic dividends.”