First Equity Partners to restructure 5 Egyptian faltering factories this year

Private equity manager in MENA region, First Equity Partners (FEP) plans to restructure five faltering factories operating in Egypt’s building materials sector, deputy chief executive of the Egyptian arm announced Monday.

This will be after First Equity Partners completes setting up its new firm that is designated to restructure faltering factories  before the end of the current year,  Omar El Maghawry, Deputy CEO of FEB Capital, told Amwal Al Ghad Monday.

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.