FEP mulls setting up firm to restructure Egyptian faltering factories

Private equity manager in MENA region, First Equity Partners (FEP) is studying setting up a new firm designated to restructure faltering factories, through its Egyptian investment unit, FEP Capital.

Omar El Maghawry, Deputy CEO of FEB Capital further told Amwal Al Ghad that the group may establish the new firm before the end of 2016, in a bid to support the growing number of faltering factories nowadays.

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.