Egypt’s B Investments to set up EGP 1 bn healthcare company

INVESTMENT WATCH- Private equity outfit B Investments will establish an EGP 1 bn healthcare platform, with an initial commitment of EGP 200 mn to the venture, a company statement (pdf) said. The new venture will acquire majority stakes in leading local healthcare players and has already kicked off due diligence on its first potential acquisition, the statement said, without disclosing the name of the company. B Investments is an EGX-listed, Egypt-based private equity firm with investments in the energy, real estate and non-banking financial services sectors.