Compass completes exit of CI Capital: Private equity firm Compass has completed the sale of its remaining equity stake in Cairo investment bank and non-bank financial services company CI Capital, Compasssaid in a statement (pdf). Compass and a group of investors had acquired CI Capital from CIB in March 2017, taking CI to IPO on the Egyptian Exchange in May 2018. Compass said it generated an average IRR of 102% in EGP terms and a money multiple of 3.22x on its investment over the holding period of just over two years. “Over the course of our investment, CI Capital strengthened its core investment bank services, executed strategic acquisitions that positioned it as a formidable player in the non-banking financial services sector,” Shamel Aboul Fadl, founder and chairman of Compass, said. The transaction came as the IPO lockup period expired; the transaction was executed yesterday.

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