{"id":645639,"date":"2017-07-26T04:14:01","date_gmt":"2017-07-26T04:14:01","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/26\/eaef-looks-to-buy-orchidia-pharma\/"},"modified":"2017-07-26T04:14:01","modified_gmt":"2017-07-26T04:14:01","slug":"eaef-looks-to-buy-orchidia-pharma","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/26\/eaef-looks-to-buy-orchidia-pharma\/","title":{"rendered":"EAEF looks to buy Orchidia Pharma"},"content":{"rendered":"

<\/a> M&A WATCH-<\/strong> Our friends at the Egyptian American Enterprise Fund<\/strong> (EAEF) are reportedly planning to invest in Orchidia Pharma<\/strong>, sources close to the matter tell Al Borsa<\/a>. While EAEF is hoping to acquire up to 100% of the company, it would settle on a majority stake of 55%, the sources told the newspaper, adding that due diligence is already underway ahead of presenting the company with a formal offer. Orchidia, which holds a 30% market share of the domestic eye drops market, is majority owned by its chairman Osama Abbas, who holds a 62% stake in the company. Investment firm Swicorp owns 38% of the company through its Intaj Capital II fund and had reportedly been looking to sell its stake. The newspaper also reports that Orchidia had been an acquisition target for Jordan\u2019s Hikma last year. Acquisition talks failed on a buyer-seller price disconnect, as Hikma was offering c. EGP 400 mn against a demand of EGP 450 mn from shareholders.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- Our friends at the Egyptian American Enterprise Fund (EAEF) are reportedly planning to invest in Orchidia Pharma, sources close to the matter tell Al Borsa. While EAEF is hoping to acquire up to 100% of the company, it would settle on a majority stake of 55%, the sources told the newspaper, adding that […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-645639","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"854bf10d-3c0a-4883-ae11-b72afe6f8b1d","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[645632],"teaser":"","voice_url":""},"yoast_head":"\nEAEF looks to buy Orchidia Pharma - 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\/2017\/07\/26\/eaef-looks-to-buy-orchidia-pharma\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EAEF looks to buy Orchidia Pharma\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- Our friends at the Egyptian American Enterprise Fund (EAEF) are reportedly planning to invest in Orchidia Pharma, sources close to the matter tell Al Borsa. While EAEF is hoping to acquire up to 100% of the company, it would settle on a majority stake of 55%, the sources told the newspaper, adding that […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/26\/eaef-looks-to-buy-orchidia-pharma\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-26T04:14:01+00:00\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/26\/eaef-looks-to-buy-orchidia-pharma\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/26\/eaef-looks-to-buy-orchidia-pharma\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EAEF looks to buy Orchidia Pharma\",\"datePublished\":\"2017-07-26T04:14:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/26\/eaef-looks-to-buy-orchidia-pharma\/\"},\"wordCount\":163,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/26\/eaef-looks-to-buy-orchidia-pharma\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/26\/eaef-looks-to-buy-orchidia-pharma\/\",\"name\":\"EAEF looks to buy Orchidia Pharma - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-07-26T04:14:01+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/26\/eaef-looks-to-buy-orchidia-pharma\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/26\/eaef-looks-to-buy-orchidia-pharma\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/26\/eaef-looks-to-buy-orchidia-pharma\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EAEF looks to buy Orchidia Pharma\"}]},{\"@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":"EAEF looks to buy Orchidia Pharma - 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\/2017\/07\/26\/eaef-looks-to-buy-orchidia-pharma\/","og_locale":"en_US","og_type":"article","og_title":"EAEF looks to buy Orchidia Pharma","og_description":"M&A WATCH- Our friends at the Egyptian American Enterprise Fund (EAEF) are reportedly planning to invest in Orchidia Pharma, sources close to the matter tell Al Borsa. 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The transaction, executed through EAEF\u2019s investment manager Lorax Capital Partners, will see the EAEF subscribe in an upcoming capital\u2026","rel":"","context":"In "Speed Round"","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":637047,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/07\/eaef-acquires-46-5-stake-in-orchidia-for-egp-700-mn\/","url_meta":{"origin":645639,"position":1},"title":"EAEF acquires 46.5% stake in Orchidia for EGP 700 mn","author":"enterpriseam admin","date":"7 November 2017","format":false,"excerpt":"M&A WATCH- We now have a price tag on the EAEF\u2019s acquisition of Orchidia: The Egyptian American Enterprise Fund (EAEF) acquired 46.5% sake in Orchidia Pharma Industries for around EGP 700 mn, Orchidia\u2019s founder and chairman Ossama Abbass tells Al Borsa. EAEF purchased 38% of the company from SPE Capital\u2026","rel":"","context":"In "Speed Round"","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":635518,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/06\/arqaam-announces-closing-sale-of-stake-in-orchidia-to-eaef\/","url_meta":{"origin":645639,"position":2},"title":"Arqaam announces closing sale of stake in Orchidia to EAEF","author":"enterpriseam admin","date":"6 December 2017","format":false,"excerpt":"M&A WATCH- Arqaam Capital announced closing the sale of a stake in Orchidia Pharma to the Egyptian American Enterprise Fund (EAEF). Arqaam acted as the exclusive sell-side advisor to SPE Capital, formerly Swicorp Private Equity, Orchidia Pharmaceutical Industries, and Dr. Ossama Abbas, the founder, majority shareholder and Chairman of Orchidia\u2026","rel":"","context":"In "Speed Round"","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":636927,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/05\/spe-says-it-saw-3x-returns-from-orchidia\/","url_meta":{"origin":645639,"position":3},"title":"SPE says it saw 3x returns from Orchidia","author":"enterpriseam admin","date":"5 November 2017","format":false,"excerpt":"M&A WATCH- SPE Capital, formerly Swicorp Private Equity,announced that during its investment period in Orchidia, the company\u2019s revenues have increased more than four-fold, according to an emailed statement. On Thursday, the Egyptian American Enterprise Fund (EAEF)\u2019s investment manager Lorax Capital Partners announced it will subscribe in an upcoming capital increase\u2026","rel":"","context":"In "Speed Round"","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":601003,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/17\/egyptian-american-enterprise-funds-annual-shareholders-letter\/","url_meta":{"origin":645639,"position":4},"title":"Egyptian-American Enterprise Fund\u2019s annual shareholders letter","author":"enterpriseam admin","date":"17 February 2019","format":false,"excerpt":"Egyptian-American Enterprise Fund to announce first investments in education, agriculture: \u201cWe are excited about our pipeline and optimistic that EAEF will close a number of transactions this year. In the very near future, we will make our first investment in education and our first investment in agriculture. We continue to\u2026","rel":"","context":"In "Speed Round"","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":627800,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/eaef-investments-in-egypt-grow-to-usd-130-mn-in-2017\/","url_meta":{"origin":645639,"position":5},"title":"EAEF investments in Egypt grow to USD 130 mn in 2017","author":"enterpriseam admin","date":"12 June 2018","format":false,"excerpt":"Our friends at the Egyptian American Enterprise Fund (EAEF) reported that their investments in Egypt reached USD 130 mn as of the end of 2017, according to the fund\u2019s 2017 annual report (pdf). 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