Ezdehar to acquire 22.5% stake in Dsquares?

M&A WATCH- Ezdehar’s Egypt Mid-Cap fund is planning to acquire a 22.5% stake in digital marketing and IT solutions firm Dsquares in a transaction estimated to be worth EGP 100 mn, sources close to the transaction said. Details on the transaction are scarce, but sources said that Al Tamimi Law Firm has been tapped as Ezdehar’s legal adviser on the transaction, while TMS Law Firm is the sell-side counsel. Ezdehar Managing Partner Emad Barsoum had said that the firm was planning to invest USD 80 mn in export oriented businesses this year, including in outsourcing.