Private equity manager in MENA region, First Equity Partners (FEP) plans to boost the volume of assets of its affiliate FBE Capital to 2 billion Egyptian pounds (US$255.3 million) by the end of 2016, said deputy CEO Sunday.
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 told Amwal Al Ghad that FEB Capital is set to implement a number of acquisition deals in the coming period to add new assets involving industrial and small food projects.
Furthermore, the official said First Equity Partners is currently managing assets totalling US$3 billion operating in several countries in the MENA region, notably Egypt and UAE. The Egyptian market seizes one billion dollars of the FEP’s assets.
First Equity is considered the main gateway and the investment agent for Arab clients in particular, and foreign clients in general, who are interested in investing in the Egyptian market.
