(Ecofin Agency) - LimeVest Partners, an Egyptian private equity firm focused on mid-cap companies, secures a $10 million commitment from the US financial institution Overseas Private Investment Corporation (OPIC).
This operation, which is the US company’s first investment in a private equity firm in Egypt, will be injected into LVP Health Holding Ltd, an investment vehicle managed by LimeVest, to support local healthcare businesses.
“The support of OPIC is essential to achieving our health sector funding objectives. While seeking to generate returns for its shareholders, OPIC enables local companies to improve their operations,” said Sharif El Akhdar, co-founder of LimeVest Partners.
Let’s not that OPIC traditionally supports US companies investing in developing countries. This operation within a private equity firm in Egypt is a new initiative for the institution.
Chamberline Moko