{"id":544870,"date":"2022-03-24T03:46:20","date_gmt":"2022-03-24T03:46:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/24\/efg-hermes-private-equity-units-eye-fresh-investments-acquisitions\/"},"modified":"2022-03-24T03:46:20","modified_gmt":"2022-03-24T03:46:20","slug":"efg-hermes-private-equity-units-eye-fresh-investments-acquisitions","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/24\/efg-hermes-private-equity-units-eye-fresh-investments-acquisitions\/","title":{"rendered":"EFG Hermes\u2019 private equity units eye fresh investments + acquisitions"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>EFG Hermes-led Vortex Energy, RX Healthcare, and Education Fund eyeing<\/strong><strong> fresh <\/strong><strong>investments + acquisitions: <\/strong>EFG Hermes\u2019 Egypt Education Fund, and its healthcare arm, RX Healthcare, are studying new investments and acquisitions, head of private equity and asset management Karim Moussa told Enterprise, confirming a story published in <a href=\"https:\/\/bit.ly\/3qsdAzp\">Al Mal<\/a>.<\/p>\n<p><strong>The education fund plans to invest some USD 30-40 mn over the next 18 months in two different transactions<\/strong>, which will be added to the fund\u2019s portfolio, and plans to make its first investment in a nursery after focusing solely on the K12 sector since its launch.<\/p>\n<p><strong>Some 60% of the fund\u2019s capital has already been invested: <\/strong>The fund <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f322b811-078e-4543-b1d1-47696be7f5f3\">completed<\/a> its third and final close last year, which saw it land commitments worth USD 150 mn from investors including the Sovereign Fund of Egypt, 60% (c. USD 90 mn) of which it has already deployed in various investments in the sector, Moussa said. The fund plans to invest the rest of its capital (c. USD 60 mn) over the next 12 months.<\/p>\n<p><strong>RX Healthcare eyes pharma acquisitions: <\/strong>Meanwhile, RX Healthcare Management is looking into two or three majority stake acquisitions of pharma companies in transactions valued at between USD 200-500 mn apiece, to follow its <a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/27\/efg-led-rx-healthcare-confirms-closing-egyptian-meds-producer-united-pharma-acquisition-7157\/\">acquisition<\/a> of United Pharma in 2019. The healthcare platform has allocated some EGP 1 bn for investment since its launch, Moussa said, adding that it plans to finish pumping the entire allocated amount by 2024.<\/p>\n<p><strong>Vortex Energy looks to make second close on its fourth fund, eyes expanding investments to EV sector: <\/strong>EFG\u2019s renewable energy platform plans to reach a second close worth about USD 550 mn for its Vortex Energy IV fund within the next two years, bringing its total capital to USD 750 mn. The fund made its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/86c5a819-d5d5-4755-af2f-c9bbfdb504e8\">first USD 200 mn close<\/a> last year, and is now planning to expand its investments to more sectors, including EV batteries and charging stations.<\/p>\n<p><strong>EFG<\/strong><strong> is also looking into launching a new MENA tech fund<\/strong>, similar to its education, healthcare, and energy-focused platforms, said Moussa, who is co-CEO of the investment bank at EFG Hermes in charge of the buy side of the platform.<\/p>\n<hr class=\"grey-line\">\n<p><strong>OTHER INVESTMENT NEWS- <\/strong><\/p>\n<p><strong>Bakery chain <\/strong><strong><a href=\"http:\/\/www.tbsfresh.com\/\">TBS<\/a><\/strong><strong> is looking to spend EGP 500 mn <\/strong>adding a new production line at its factory, <a href=\"https:\/\/bit.ly\/3ILJmxH\">Al Mal<\/a> quotes co-founder Sameh El Sadat as saying. The company is currently in negotiations with three local banks for a loan, and hopes to secure the funding this year. TBS expects its new production line \u2014 set to come online in 2023 \u2014 will allow the company to double its annual sales to EGP 1 bn. The production line will be added to <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/23\/mansour-group-to-set-up-food-and-beverage-jv-with-egypts-tbs-8917\/\">TBS\u2019s joint venture with Mansour Group<\/a>, which was inaugurated last year.<\/p>\n<p><strong>German companies kick the tires on Egypt investments: <\/strong>A number of German companies are considering making fresh investments in greenfield and brownfield projects in Egypt, including in the renewable energy, smart transportation and water desalination sectors, according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/364938795676547\">cabinet statement<\/a> out yesterday. This came during a meeting between Prime Minister Moustafa Madbouly and a delegation of 16 German firms who are currently visiting Egypt to discuss investments. The statement did not disclose which companies were present at the meeting.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EFG Hermes-led Vortex Energy, RX Healthcare, and Education Fund eyeing fresh investments + acquisitions: EFG Hermes\u2019 Egypt Education Fund, and its healthcare arm, RX Healthcare, are studying new investments and acquisitions, head of private equity and asset management Karim Moussa told Enterprise, confirming a story published in Al Mal. The education fund plans to invest [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":544871,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[1436,73,84,72,564,481,7115,125,404,150,1435],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-544870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-continental-hotel","tag-education","tag-efg-hermes","tag-enterpriseam","tag-food","tag-germany","tag-healthcare","tag-investment-watch","tag-public-private-partnership","tag-renewable-energy","tag-rx-healthcare","wpautop","entry"],"acf":{"mongo_id":"30ea09b8-4c5c-4483-a92d-9ba383306270","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/3\/340.jpg","photo_position":"above","related_issue":[544862],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EFG Hermes\u2019 private equity units eye fresh investments + acquisitions - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/24\/efg-hermes-private-equity-units-eye-fresh-investments-acquisitions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFG Hermes\u2019 private equity units eye fresh investments + acquisitions\" \/>\n<meta property=\"og:description\" content=\"EFG Hermes-led Vortex Energy, RX Healthcare, and Education Fund eyeing fresh investments + acquisitions: EFG Hermes\u2019 Egypt Education Fund, and its healthcare arm, RX Healthcare, are studying new investments and acquisitions, head of private equity and asset management Karim Moussa told Enterprise, confirming a story published in Al Mal. 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The transaction would be part of EFG Hermes\u2019 merchant banking operations, the source says, suggesting the transaction would be warehoused for EFG\u2019s Rx\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648751,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/11\/efg-hermes-advising-on-5-6-transactions-worth-usd-500-700-mn-in-2017\/","url_meta":{"origin":544870,"position":2},"title":"EFG Hermes advising on 5-6 transactions worth USD 500-700 mn in 2017","author":"enterpriseam admin","date":"11 April 2017","format":false,"excerpt":"EFG Hermes has a pipeline of five to six IPOs and acquisitions worth a total of USD 500-700 mn for execution this year, the firm\u2019s co-head of investment banking, Mostafa Gad, tells Reuters. The transactions are in sectors including consumer goods, healthcare, and banking.Meanwhile, EFG Hermes\u2019 RX Healthcare Fund may\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":638374,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/03\/ge-healthcare-to-become-anchor-limited-partner-in-rx-healthcare-fund\/","url_meta":{"origin":544870,"position":3},"title":"GE Healthcare to become anchor limited partner in Rx Healthcare Fund","author":"enterpriseam admin","date":"3 October 2017","format":false,"excerpt":"INVESTMENT WATCH - GE Healthcare is set to become an anchor limited partner of EFG Hermes\u2019 Africa-focused healthcare private equity fund Rx Healthcare. Rx, led by former Health Minister Hatem El Gabaly, is a private equity fund currently under establishment and managed by a newly set up fund manager. \u201cGE\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":634089,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/04\/efgs-rx-healthcare-fund-receives-usd-27-mn-in-investment-sources\/","url_meta":{"origin":544870,"position":4},"title":"EFG\u2019s Rx Healthcare fund receives USD 27 mn in investment -sources","author":"enterpriseam admin","date":"4 January 2018","format":false,"excerpt":"INVESTMENT WATCH- EFG Hermes\u2019 Rx Healthcare fund has managed to raise USD 27 mn, sources told Al Mal. The paper says the fund took in USD 20 mn from GE Healthcare and USD 7 mn from the African Development Bank (AfDB). Sources added that the fund aims to reach USD\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":565443,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/rx-healthcare-to-acquire-80-of-dental-anesthesia-producer\/","url_meta":{"origin":544870,"position":5},"title":"Rx Healthcare to acquire 80% of dental anesthesia producer","author":"enterpriseam admin","date":"8 April 2021","format":false,"excerpt":"EFG Hermes\u2019 Rx Healthcare Management is in the final stages of acquiring 80% of a local dental anesthesia producer in a transaction that could be worth as much as EGP 100 mn, local media reports. The acquisition is expected to be carried out via United Pharma, which EFG Hermes had\u2026","rel":"","context":"In &quot;SPEED ROUND: PRIVATE EQUITY WATCH&quot;","block_context":{"text":"SPEED ROUND: PRIVATE EQUITY WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-private-equity-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/544870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=544870"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/544870\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/544862"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/544871"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=544870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=544870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=544870"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=544870"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=544870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}