{"id":595864,"date":"2019-08-08T04:00:04","date_gmt":"2019-08-08T04:00:04","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/08\/affirma-capital-looking-at-acquisition-opportunities-in-egypt\/"},"modified":"2019-08-08T04:00:04","modified_gmt":"2019-08-08T04:00:04","slug":"affirma-capital-looking-at-acquisition-opportunities-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/08\/affirma-capital-looking-at-acquisition-opportunities-in-egypt\/","title":{"rendered":"Affirma Capital looking at acquisition opportunities in Egypt"},"content":{"rendered":"

<\/a> INVESTMENT WATCH- Affirma Capital eyeing potential acquisitions in Egypt:<\/b> Affirma Capital is eyeing Egypt as it plans to complete at least one acquisition in the Middle East and Africa this year, Bloomberg reports<\/a>. Affirma founding partner Taimoor Labib says that Egypt, along with Jordan and Nigeria, are countries that the company is particularly interested in. \"Post devaluation, for USD-based investors, it\u2019s a great time to go into Egypt. It\u2019s still early, but we\u2019ve looked at quite a few businesses especially in the food and beverage and retail sectors,\" he said. The firm has a reported USD 700 mn to spend \u2014 which is higher than previously thought<\/a> \u2014 and is said to be looking at investments that will yield an internal rate of return of 25%.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- Affirma Capital eyeing potential acquisitions in Egypt: Affirma Capital is eyeing Egypt as it plans to complete at least one acquisition in the Middle East and Africa this year, Bloomberg reports. Affirma founding partner Taimoor Labib says that Egypt, along with Jordan and Nigeria, are countries that the company is particularly interested in. 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Affirma founding partner Taimoor Labib says that Egypt, along with Jordan and Nigeria, are countries that the company is particularly interested in. 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The statement did not disclose the size of the stake, but\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\/2023\/1\/441.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543461,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/02\/local-pharma-player-nerhadou-attracts-private-equity-interest\/","url_meta":{"origin":595864,"position":2},"title":"Local pharma player Nerhadou attracts private equity interest","author":"enterpriseam admin","date":"2 February 2022","format":false,"excerpt":"Nerhadou may have new minority shareholders: Emerging-market private equity firms Affirma Capital and StonePine have agreed to invest USD 20 mn to purchase a \u201csignificant minority stake\u201d in local pharma and nutraceutical player Nerhadou International, according to a press release (pdf), which didn\u2019t disclose the size of the stake or\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":543995,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/01\/this-evening-east-port-said-to-get-usd-3-bn-green-hydrogen-hub-affirma-capital-and-stonepine-buy-stake-in-egyptian-pharma-player\/","url_meta":{"origin":595864,"position":3},"title":"THIS EVENING: East Port Said to get USD 3 bn green hydrogen hub + Affirma Capital and StonePine buy stake in Egyptian pharma player","author":"enterpriseam admin","date":"1 February 2022","format":false,"excerpt":"Good afternoon, wonderful people. It\u2019s not quite a news dump day \u2014 as hump days tend to be \u2014 but it\u2019s not what we would describe as a quiet day, either. THE BIG STORIES TODAY#1- East Port Said is getting a USD 3 bn green hydrogen hub: The Suez Canal\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":584843,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/06\/fine-acquires-local-health-and-beauty-firm-easy\/","url_meta":{"origin":595864,"position":4},"title":"Fine acquires local health and beauty firm Easy","author":"enterpriseam admin","date":"6 April 2023","format":false,"excerpt":"Fine will \u201cfully integrate\u201d the Alexandrian firm","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\/2023\/4\/291.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":595717,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/05\/what-were-tracking-on-05-august-2019\/","url_meta":{"origin":595864,"position":5},"title":"What we\u2019re tracking on 05 August 2019","author":"enterpriseam admin","date":"5 August 2019","format":false,"excerpt":"It\u2019s PMI day: The Emirates NBD purchasing managers\u2019 indexes for Egypt, the UAE, and Saudi Arabia are due out this morning at 6:15 am CLT. 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