Egypt - A consortium of Egypt's Sovereign Fund, Misr Insurance Holding, Banque Misr, and Suez Canal Bank (CANA) teamed up to establish Light House Training and Consultancy (LHTC), with capital amounts to EGP 1.75 billion, according to a statement released on July 6th.

Light house is targeting to capitalize on the state’s assets to establish new schools and purchase operating schools in order to develop them.

The educational platform aims to add value related to knowledge, practices and build capabilities and help businesses to find new opportunities and new ways of doing business.

Beltone Financial Holding Company (BTFH) acted as the financial advisor, as well as Maatouk and Bassiouni Law Firm acted as the legal advisor to Lighthouse, while the Sovereign Fund of Egypt hired Princess Capital as the financial advisor and Baker & McKenzie as the legal advisor, while Al Kamel’s office acted as the legal advisor to Banque Misr and Misr Capital.

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