{"id":553486,"date":"2021-12-06T03:50:53","date_gmt":"2021-12-06T03:50:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/06\/the-uaes-chimera-just-bought-a-stake-in-gemini-plus-b-investments-acquires-take-in-egyptian-ivf-center\/"},"modified":"2021-12-06T03:50:53","modified_gmt":"2021-12-06T03:50:53","slug":"the-uaes-chimera-just-bought-a-stake-in-gemini-plus-b-investments-acquires-take-in-egyptian-ivf-center","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/06\/the-uaes-chimera-just-bought-a-stake-in-gemini-plus-b-investments-acquires-take-in-egyptian-ivf-center\/","title":{"rendered":"The UAE\u2019s Chimera just bought a stake in Gemini. Plus: B Investments acquires take in Egyptian IVF Center"},"content":{"rendered":"

<\/a> The UAE\u2019s Chimera bought 25% of Sawiris\u2019 Gemini Global Development in a USD 100 mn transaction? <\/strong>Abu Dhabi-based investment firm Chimera Investment<\/a> completed an acquisition of a 25% stake in Sawiris family-owned\u00a0 firm Gemini Global Development Egypt, multiple sources with first-hand knowledge of the transaction confirmed to Enterprise. Look for more information later today. Chimera is acquiring the shares via a USD 100 mn capital increase, which brings the total capital of Gemini Global Development Egypt \u2014 which owns 100% of Ora Developers Egypt \u2014 to USD 400 mn, according to Al Shorouk<\/a>, which first reported on the story.<\/p>\n

Who\u2019s who:<\/strong> Chimera Capital (which owns Chimera Investments), a subsidiary of Abu Dhabi\u2019s Royal Group, is a significant backer of Nasdaq-bound transportation play Swvl and has just recently wrapped up<\/a> the second close of its first-ever venture capital fund, which will see it invest in 12-15 startups across the Middle East and Southeast Asia. Chimera is run by CEO Seif Fikry (LinkedIn<\/a>) an Egyptian veteran of the regional capital markets scene and founder of the region\u2019s first UCITS-compliant exchange-traded fund. Royal Group has investments in some 60 entities with 20k employees spanning real estate to FMCG by way of healthcare and aviation. Gemini Global Development Egypt is a separate entity to Gemini Holdings, the Sawiris family\u2019s private equity arm, invests<\/a> in everything from real estate to private equity<\/a> , sources at the company tell us.<\/p>\n

IN OTHER M&A NEWS-<\/strong><\/p>\n

Arm of EGX-listed B Investments snaps up 51% of Egyptian IVF:<\/strong> B Healthcare Investments, B Investments\u2019 newly-established specialized healthcare company, has acquired a 51% stake in the Egyptian IVF Center<\/a>, according to a company statement (pdf)<\/a>. The transaction \u2014 the value of which was not disclosed \u2014 is pending regulatory approval, the statement notes. Private equity firm BPE Partners \u2014 which manages B Investments \u2014 had been eyeing the majority stake in Egyptian in-vitro fertilization sector since last year<\/a>.<\/p>\n

BACKGROUND- <\/strong>B Healthcare Investments is screening the market for other potential ventures, but started with Egyptian IVF Center, the first specialized facility to offer fertility treatment in Egypt. The transaction comes after investor relations and private equity veteran Sherif El Ghamrawi was named CEO<\/a> of the company this past February.<\/p>\n

\u00a0<\/p>\n

CLARRIFICATION ON 6 DECEMBER<\/em><\/p>\n

Abu Dhabi\u2019s Chimera Investments had acquired a stake in the Sawriris-owned Gemini Global Development Egypt (which owns 100% of Ora Developers) and not Gemini Holdings as was noted in an Al Shorouk<\/a>\u00a0article last night, which we picked up this morning. The latter is a separate entity owned by the Sawiris family. <\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The UAE\u2019s Chimera bought 25% of Sawiris\u2019 Gemini Global Development in a USD 100 mn transaction? Abu Dhabi-based investment firm Chimera Investment completed an acquisition of a 25% stake in Sawiris family-owned\u00a0 firm Gemini Global Development Egypt, multiple sources with first-hand knowledge of the transaction confirmed to Enterprise. Look for more information later today. Chimera […]<\/p>\n","protected":false},"author":1,"featured_media":553487,"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":[140,350,72,7115,125,2065,599,758],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-553486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-b-investments","tag-chimera-investment","tag-enterpriseam","tag-healthcare","tag-investment-watch","tag-naguib-sawiris","tag-ora-developers","tag-private-equity","wpautop","entry"],"acf":{"mongo_id":"36ab74bc-5da8-4373-8d72-ed3d2e4a8d74","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/12\/231.jpg","photo_position":"above","related_issue":[553478],"teaser":"","voice_url":""},"yoast_head":"\nThe UAE\u2019s Chimera just bought a stake in Gemini. Plus: B Investments acquires take in Egyptian IVF Center - 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\/2021\/12\/06\/the-uaes-chimera-just-bought-a-stake-in-gemini-plus-b-investments-acquires-take-in-egyptian-ivf-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The UAE\u2019s Chimera just bought a stake in Gemini. Plus: B Investments acquires take in Egyptian IVF Center\" \/>\n<meta property=\"og:description\" content=\"The UAE\u2019s Chimera bought 25% of Sawiris\u2019 Gemini Global Development in a USD 100 mn transaction? Abu Dhabi-based investment firm Chimera Investment completed an acquisition of a 25% stake in Sawiris family-owned\u00a0 firm Gemini Global Development Egypt, multiple sources with first-hand knowledge of the transaction confirmed to Enterprise. Look for more information later today. Chimera […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/06\/the-uaes-chimera-just-bought-a-stake-in-gemini-plus-b-investments-acquires-take-in-egyptian-ivf-center\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-06T03:50:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/231.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/06\/the-uaes-chimera-just-bought-a-stake-in-gemini-plus-b-investments-acquires-take-in-egyptian-ivf-center\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/06\/the-uaes-chimera-just-bought-a-stake-in-gemini-plus-b-investments-acquires-take-in-egyptian-ivf-center\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"The UAE\u2019s Chimera just bought a stake in Gemini. Plus: B Investments acquires take in Egyptian IVF Center\",\"datePublished\":\"2021-12-06T03:50:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/06\/the-uaes-chimera-just-bought-a-stake-in-gemini-plus-b-investments-acquires-take-in-egyptian-ivf-center\/\"},\"wordCount\":431,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/06\/the-uaes-chimera-just-bought-a-stake-in-gemini-plus-b-investments-acquires-take-in-egyptian-ivf-center\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/231.jpg?fit=%2C&ssl=1\",\"keywords\":[\"B Investments\",\"Chimera Investment\",\"EnterpriseAM\",\"healthcare\",\"investment watch\",\"Naguib Sawiris\",\"Ora Developers\",\"private equity\"],\"articleSection\":[\"Investment Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/06\/the-uaes-chimera-just-bought-a-stake-in-gemini-plus-b-investments-acquires-take-in-egyptian-ivf-center\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/06\/the-uaes-chimera-just-bought-a-stake-in-gemini-plus-b-investments-acquires-take-in-egyptian-ivf-center\/\",\"name\":\"The UAE\u2019s Chimera just bought a stake in Gemini. Plus: B Investments acquires take in Egyptian IVF Center - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/06\/the-uaes-chimera-just-bought-a-stake-in-gemini-plus-b-investments-acquires-take-in-egyptian-ivf-center\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/06\/the-uaes-chimera-just-bought-a-stake-in-gemini-plus-b-investments-acquires-take-in-egyptian-ivf-center\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/231.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2021-12-06T03:50:53+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/06\/the-uaes-chimera-just-bought-a-stake-in-gemini-plus-b-investments-acquires-take-in-egyptian-ivf-center\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/06\/the-uaes-chimera-just-bought-a-stake-in-gemini-plus-b-investments-acquires-take-in-egyptian-ivf-center\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/06\/the-uaes-chimera-just-bought-a-stake-in-gemini-plus-b-investments-acquires-take-in-egyptian-ivf-center\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/231.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/231.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/06\/the-uaes-chimera-just-bought-a-stake-in-gemini-plus-b-investments-acquires-take-in-egyptian-ivf-center\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The UAE\u2019s Chimera just bought a stake in Gemini. Plus: B Investments acquires take in Egyptian IVF Center\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The UAE\u2019s Chimera just bought a stake in Gemini. Plus: B Investments acquires take in Egyptian IVF Center - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/06\/the-uaes-chimera-just-bought-a-stake-in-gemini-plus-b-investments-acquires-take-in-egyptian-ivf-center\/","og_locale":"en_US","og_type":"article","og_title":"The UAE\u2019s Chimera just bought a stake in Gemini. Plus: B Investments acquires take in Egyptian IVF Center","og_description":"The UAE\u2019s Chimera bought 25% of Sawiris\u2019 Gemini Global Development in a USD 100 mn transaction? Abu Dhabi-based investment firm Chimera Investment completed an acquisition of a 25% stake in Sawiris family-owned\u00a0 firm Gemini Global Development Egypt, multiple sources with first-hand knowledge of the transaction confirmed to Enterprise. Look for more information later today. Chimera […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/06\/the-uaes-chimera-just-bought-a-stake-in-gemini-plus-b-investments-acquires-take-in-egyptian-ivf-center\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-12-06T03:50:53+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/231.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/06\/the-uaes-chimera-just-bought-a-stake-in-gemini-plus-b-investments-acquires-take-in-egyptian-ivf-center\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/06\/the-uaes-chimera-just-bought-a-stake-in-gemini-plus-b-investments-acquires-take-in-egyptian-ivf-center\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"The UAE\u2019s Chimera just bought a stake in Gemini. Plus: B Investments acquires take in Egyptian IVF Center","datePublished":"2021-12-06T03:50:53+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/06\/the-uaes-chimera-just-bought-a-stake-in-gemini-plus-b-investments-acquires-take-in-egyptian-ivf-center\/"},"wordCount":431,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/06\/the-uaes-chimera-just-bought-a-stake-in-gemini-plus-b-investments-acquires-take-in-egyptian-ivf-center\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/231.jpg?fit=%2C&ssl=1","keywords":["B Investments","Chimera Investment","EnterpriseAM","healthcare","investment watch","Naguib Sawiris","Ora Developers","private equity"],"articleSection":["Investment Watch"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/06\/the-uaes-chimera-just-bought-a-stake-in-gemini-plus-b-investments-acquires-take-in-egyptian-ivf-center\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/06\/the-uaes-chimera-just-bought-a-stake-in-gemini-plus-b-investments-acquires-take-in-egyptian-ivf-center\/","name":"The UAE\u2019s Chimera just bought a stake in Gemini. Plus: B Investments acquires take in Egyptian IVF Center - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/06\/the-uaes-chimera-just-bought-a-stake-in-gemini-plus-b-investments-acquires-take-in-egyptian-ivf-center\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/06\/the-uaes-chimera-just-bought-a-stake-in-gemini-plus-b-investments-acquires-take-in-egyptian-ivf-center\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/231.jpg?fit=%2C&ssl=1","datePublished":"2021-12-06T03:50:53+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/06\/the-uaes-chimera-just-bought-a-stake-in-gemini-plus-b-investments-acquires-take-in-egyptian-ivf-center\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/12\/06\/the-uaes-chimera-just-bought-a-stake-in-gemini-plus-b-investments-acquires-take-in-egyptian-ivf-center\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/06\/the-uaes-chimera-just-bought-a-stake-in-gemini-plus-b-investments-acquires-take-in-egyptian-ivf-center\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/231.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/231.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/06\/the-uaes-chimera-just-bought-a-stake-in-gemini-plus-b-investments-acquires-take-in-egyptian-ivf-center\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"The UAE\u2019s Chimera just bought a stake in Gemini. Plus: B Investments acquires take in Egyptian IVF Center"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/231.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/231.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/231.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":542982,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/26\/chimera-closes-usd-10-bn-venture-capital-fund\/","url_meta":{"origin":553486,"position":0},"title":"Chimera closes USD 10 bn venture capital fund","author":"enterpriseam admin","date":"26 January 2022","format":false,"excerpt":"Our friends at the UAE\u2019s Chimera closes fundraising for one of the largest funds in VC history: Our friends at Abu Dhabi-based investment firm Chimera Capital have closed their second venture capital fund at USD 10 bn, according to a company press release (pdf). The Alpha Wave Ventures II fund\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":553952,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/14\/chimera-capital-reaches-final-close-on-its-first-vc-fund\/","url_meta":{"origin":553486,"position":1},"title":"Chimera Capital reaches final close on its first VC fund","author":"enterpriseam admin","date":"14 December 2021","format":false,"excerpt":"Our friends at Abu Dhabi fund manager Chimera Capital have hit final close on their first venture capital fund at USD 75 mn, according to a company press release(pdf). The fund, which now counts Abu Dhabi sovereign fund Mubadala among its limited partners, handily exceeded its initial USD 65 mn\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":550468,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/30\/mnt-agrees-to-sell-21-7-stake-to-chimera-investments\/","url_meta":{"origin":553486,"position":2},"title":"MNT agrees to sell 21.7% stake to Chimera Investments","author":"enterpriseam admin","date":"30 October 2022","format":false,"excerpt":"Chimera snaps up c.22% of MNT Investments: Netherlands-based MNT Investments \u2014 which is majority-owned by GB Auto subsidiary GB Capital \u2014 agreed to sell a 21.7% stake to a unit of Chimera Investments, GB Auto said in an EGX disclosure (pdf) on Thursday.The sellers: GB Auto is selling a 7.5%\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/370.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577379,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/21\/gb-auto-okays-mnt-stake-sale-after-accepting-fair-value-study\/","url_meta":{"origin":553486,"position":3},"title":"GB Auto okays MNT stake sale after accepting fair value study","author":"enterpriseam admin","date":"21 November 2022","format":false,"excerpt":"GB Auto approves MNT stake sale: GB Auto\u2019s board has greenlit plans to sell a 7.5% stake in MNT Investments to Abu Dhabi-based investment firm Chimera Investments after approving the results of a fair value study (pdf), it said in an EGX disclosure (pdf) yesterday.ICYMI- The Netherlands-incorporated fintech \u2014 majority-owned\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/319.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577989,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/12\/chimera-completes-acquisition-of-mnt-stake-from-gb-auto\/","url_meta":{"origin":553486,"position":4},"title":"Chimera completes acquisition of MNT stake from GB Auto","author":"enterpriseam admin","date":"12 December 2022","format":false,"excerpt":"CONSTRUCTION-Egypt-based Engineering Consultants Group (ECG) was awarded a contract to design a multi-purpose hall for Saudi mega city Neom, according to its website.COMMODITIES- Bidding in cooking complex tender wraps: Seven local and international companies bid in the Supply Ministry\u2019s tender for three new cooking oil complexes, Al Borsa reported Maj.\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/230.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578230,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/20\/abu-dhabis-chimera-investments-to-acquire-45-of-gb-lease\/","url_meta":{"origin":553486,"position":5},"title":"Abu Dhabi\u2019s Chimera Investments to acquire 45% of GB Lease","author":"enterpriseam admin","date":"20 December 2022","format":false,"excerpt":"Chimera to acquire 45% of GB Lease: GB Capital has agreed to sell a 45% stake in GB Lease to our friends at Abu Dhabi-based investment firm Chimera Investments for EGP 855 mn, parent company GB Auto said in an EGX disclosure (pdf) yesterday. GB Capital will retain the remaining\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/418.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/553486","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=553486"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/553486\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/553478"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/553487"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=553486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=553486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=553486"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=553486"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=553486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}