Egyptian private equity firm Ezdehar completes acquisitions of a snack manufacturer, marking its sixth deal from Fund II.
In a significant move, the Cairo-based private equity firm, Ezdehar Management, has announced the acquisition of Kemet for Natural Food, one of Egypt's leading pretzels and savory snacks manufacturers. This marks the sixth deal for Ezdehar Management from its second fund.
The acquisition, though undisclosed for financial terms, was made through a yet undisclosed transaction. The private equity firm has acquired a majority stake in Kemet for Natural Food, a move that is expected to bolster the company's growth and expansion plans.
Kemet for Natural Food, with its wide range of popular snack products, has established a strong presence in the Egyptian market. This acquisition is set to further consolidate its position and expand its reach.
Meanwhile, South African PE firm Capitalworks is set to acquire a payments terminal supplier, although the details of the transaction remain undisclosed.
Elsewhere, Alterra Capital Partners, a private equity firm known for its strategic investments, is planning to bring in a co-investor for a travel group deal. While the identity of the co-investor is not explicitly stated, past collaborations with institutions like the International Finance Corporation (IFC) suggest that Alterra often partners with major financial institutions for such investments.
Interestingly, the Saudi sovereign wealth fund PIF has AI integrated across all layers of its organization, a move that is becoming increasingly common among leading financial institutions.
Ezdehar Management, which backs mid-cap businesses, is increasing deployment from its new fund and aims for a final close by the end of 2025. TLG Capital is also increasing deployment from its new fund, with similar ambitions for a final close by the end of 2025.
These developments underscore the ongoing activity in the private equity sector, with firms continuing to seek growth opportunities and strategic partnerships.
Investing in Kemet for Natural Food, Ezdehar Management has purchased a majority stake, an action expected to not only bolster the company's growth but also solidify its market position and extend its reach. Altera Capital Partners, well-known for its strategic investments, is planning to secure a co-investor for a travel group deal, possibly partnering with major financial institutions like the International Finance Corporation (IFC).
