Second DFI of past two weeks mulls backing for Ezdehar fund

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Following last week’s reports of a potential $20 million investment in Ezdehar‘s second fund from IFC, the World Bank’s private-sector investment arm, the private equity fund manager is on the brink of landing another $25 million, this time from the European Bank of Reconstruction and Development. According to EBRD’s website, the investment will be reviewed for approval in early December.

Ezdehar Egypt Midcap Fund II, which is aiming to raise $150 million by its final close, will follow a similar investment strategy to its predecessor. The fund will invest equity in small and medium-sized businesses in Egypt and work with its investee management teams to scale their businesses and build value in them. As reported previously, the fund aims to build a portfolio of six to eight businesses over the course of its investment period, typically putting between $5 million to as much as $30 million to work in each deal.

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