Ezdehar to Acquire 30 Percent Stake in Family Group
Posted On: 20 Oct 2019 | Source: Africa Capital Digest
Egypt-focused private equity fund manager Ezdehar Management has agreed to acquire a 30 percent stake in Family Group, an Egypt-based logistics and automotive services company. Family Group, which was formed through the consolidation of five Egypt-based companies across the logistics value chain, plans to use the new partnership with Ezdehar to develop its technology, improve its automotive maintenance centers, and increase the size of its vehicle fleet. Financial details of the transaction were not disclosed.