British Alta Semper raises stake in Egypt’s Macro Holding

The goal of raising Alta Semper’s equity in the Egyptian firm is to expand the product portfolio

  
Traders work at the Egyptian stock exchange in Cairo, Egypt February 13, 2018.

Traders work at the Egyptian stock exchange in Cairo, Egypt February 13, 2018.

REUTERS/Amr Abdallah Dalsh
ArabFinance: UK consumer and healthcare private equity investor Alta Semper Capital increased its investment in Egypt-based Macro Holding to 80% of ownership, according to an official press release.

Under the transaction, Macro is partnering with Alta Semper and the Alta Semper CoInvestor Consortium, which comprises IDI Emerging Markets, African private markets investor Mbuyu Capital Partners, and London-based Kingsway Capital.

The goal of raising Alta Semper’s equity in the Egyptian firm is to expand the product portfolio, grow into complementary product lines, and expand geographically.

Founded in 2002, Macro targets a broad base of consumers through a large and evolving product portfolio, which currently includes manufacturing and distributing 112 items.

Founder of Macro Ahmed El Nayeb will remain the executive chairman, while Hisham Wasfy, a seasoned industry veteran, has become the CEO of Macro, the statement added.

Alta Semper Capital was advised by Matouk Bassiouny and Hennawy, which acted as legal counsel for the National Energy Services Reunited’s recent acquisition of an Egyptian firm.

In 2016, Alta Semper had partnered with CI Capital Partners through the MEA Healthcare Partners platform with Macro.

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