Our investment
In 2016, CDC invested $15 million in Ezdehar. In 2017, the European Investment Bank (EIB) also invested $15 million in the fund, which was the first investment in an Egyptian fund since 2011. Other investors include the European Bank for Reconstruction and Development and Dutch DFI FMO, alongside local investors. The fund looks for a typical investment of between $5 million and $15 million.
Expected impact
The fund will target SMEs and family businesses, which are currently overlooked by most investors. It will invest in sectors that take advantage of Egypt’s large consumer base, such as FMCG, manufacturing and healthcare. The Ezdehar team will also work closely with investee company management teams to help scale up operations.
By providing growth finance and know-how to small and medium-sized businesses, the fund will contribute to local job creation and economic growth. This is especially important given the aftermath of the Arab Spring, which exacerbated high youth unemployment rates and led to a flight of foreign direct investment (FDI) in the country.
Environmental and social aspects
We will work closely with the fund manager to develop and implement an Environmental and Social Management System (ESMS).
Key facts
- Status:
- Active
- Region
:
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- Africa, North Africa
- Sector
:
We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.
- Financial services, Food and agriculture, Health, Infrastructure, Manufacturing, Other consumer services
- Website:
- http://www.ezdehar.com/
- Investment type
:
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Intermediated investment
- Fund manager:
- Ezdehar Management B.V.
- Start date
:
For direct investments, this is the date CDC committed capital to the business or project.
For funds, this is the date that CDC committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- September 2016
- Amount
:
For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).
For funds, this is the total amount that CDC has committed to the fund.
- $15m
- Domicile
:
This is the investee company’s place of incorporation; or a fund’s jurisdiction.
- Netherlands
Investments made by this fund
- Active
- Exited
| Investment name | Country | Region | Sector | Start date | Status |
|---|---|---|---|---|---|
|
Nile Aluminum & Metals Company S.A.E. (AluNile)
Nile Aluminum & Metals Company S.A.E ("AluNile") is a leading designer, fabricator and installer of a range of architectural façade products - including curtain walls, aluminum doors/windows and processed flat glass - that are used in residential, commercial and office buildings in Egypt. |
Egypt | Africa, North Africa | Manufacturing | March 2017 | Active |
| Global Leasing Company | Egypt | Africa, North Africa | Financial services | March 2018 | Active |
| Dsquares | Egypt | Africa, North Africa | Other consumer services | May 2018 | Exited |
|
Family Group
Family Group consolidates the ownership and operations of five companies to create Egypt's leading integrated transport logistics and automotive company. |
Egypt | Africa, North Africa | Infrastructure | September 2019 | Active |
|
Rich Foods Industries
Rich Food is a frozen and processed meat and poultry provider in Egypt. |
Egypt | Africa, North Africa | Food and agriculture | December 2019 | Active |
|
Al Tayseer HC Group
Al Tayseer Healthcare Group provides healthcare services to underserved communities in the Nile Delta region. It currently operates two hospitals and more than 35 labs in the area. |
Egypt | Africa, North Africa | Health | September 2020 | Active |
