Ezdehar now fully owns Zahran Market: Private equity outfit Ezdehar Management has purchased the remaining 40% stake of supermarket chain Zahran Market, bringing its total stake up to 100%, the company said in a press release (pdf). The company did not disclose the value of the transaction.

Remember: Ezdehar initially acquired a 60% stake in Zahran Market back in 2022 through its Mid-Cap Fund II (EMF II). While the value of the transaction wasn’t disclosed at the time, the firm had said that it was looking to write tickets in the USD 5-30 mn range through the fund.

Zahran has grown over the last few years: Zahran Market now operates 20 branches in 10 governorates across Egypt, up from 16 branches in seven governorates back in 2022. The company also holds a “unique presence in underserved regions such as the Delta and the North Coast,” the statement said.

What they said: “Over the past two years, Ezdehar has worked closely with the Zahran family to modernize the company’s operations, enhance its management systems, and expand its market presence. This milestone represents not just the culmination of a successful collaboration but also our belief in the long-term potential in Egypt’s retail sector,” Ezdehar co-founder Amr El Salanekly said.

Advisors: Compass Capital acted as the exclusive sell-side advisor to Zahran Market, Matouk Bassiouny and Hennawy Advocates & Legal Consultants provided legal counsel, and ADSERO (Ragy Soliman and Partners) Advocates and Legal Consultants provided legal advice to Ezdehar.

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