UK-based Alta Semper Capital is seeking opportunities to invest $200m in Egyptian and African healthcare and consumer sectors, over the next two years, director and head of Cairo office said.
Investments will be pumped into the healthcare and consumer sectors, Ahmed Rady, told Daily News Egypt.
The British company had made its first investments in Egypt back in December 2016, when it partnered with CI Capital Partners to acquire a stake in Macro Holding, and announced the opening of a new office last year.
Rady has joined the firm’s private equity team as the director and head of Cairo office, which serves, Egypt and the region by enabling investments into the consumer and healthcare sectors.
“There are many interesting investment prospects in Egypt to which we can apply our international experience. Business growth strategy allows us to capitalise on the existing business opportunities in the region, and to have better accessibility to African markets,” Radi added.
These are verticals where the Alta Semper team has significant investment and industry expertise, and where the team believes there is a considerable need for investment in our target countries.