Deal for Giza Systems gives B Investments a full exit

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A deal to acquire 89.5% of Giza Systems is giving B Investments a full exit from its stake in the business. The publicly-listed private equity vehicle, which is managed by BPE Partners, is selling its 44.5% economic interest in the systems integrator to Solutions by STC, a subsidiary of the Saudi Telecommunications Company, which is taking control of the business in a deal that values the business at $145 million. The deal will close once the necessary regulatory and legal approvals have been granted.

Launched in 1974, Giza has grown into a 1400-employee business with offices in Egypt, Saudi Arabia, United Arab Emirates, Qatar, Kenya, Nigeria, Tanzania, and Uganda. The business designs and deploys industry-specific solutions for customers operating in asset-intensive industries in the Telecoms, Utilities, Oil and Gas, and Transportation sectors. Being acquired by Solutions by STC opens up the Saudi Arabian market further to Giza, adding new verticals for the company’s services and helping to maintain its strong growth trajectory.

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