FEP Capital – part of Private equity manager in MENA region, First Equity Partners (FEP) – has successively managed two Egyptian firms’ IPOs on in the country’s small-and-medium-sized enterprises bourse (NILEX) during 2015.
Hence, FEP Capital becomes on top of NILEX’s nominated advisors, capturing 50 percent of the total firms been listed this year in the SME bourse.
A nominated advisor acts as a coordinator between the issuer and the exchange all the time.
In March 2015, First Equity Partners acquired a majority stake of 67 percent in White House Securities and converted its name to FEP Capital.
Omar El Maghawry – Deputy CEO of FEP Capital – told Amwal Al Ghad Sunday that the two firms listed in NILEX during 2015 were the Integrated Engineering Group Company (INEG.CA) and Egypt – South Africa for Communication (ESAC.CA). Both firms had launched initial public offerings for 20 percent of their shares on NILEX.
