Egypt-based private equity firm Union Capital Incorporated is planning to inject fresh investments in the Egyptian market ranging between EGP5-7 million with the fourth quarter of 2013, the company’s co-founder told Amwal Al Ghad on Wednesday.
Ms. Minoush Abdel-Meguid, Managing Director of Union Capital Incorporated, stated that her firm is targeting new investments during the Q4/2013 in of the companies which cites rehabilitation .
She added that Union Capital’s current strategy focuses on expanding businesses in multiple fields in the SMEs projects through pumping investments at reasonable costs, aiming to boost the company’s annual revenue afterwards.
Ms. Abdel-Meguid further said United Capital is planning to inject similar investments next year.
She also referred that the volume of Union Capital’s fund is totaled at EGP150 million and the company has no intention to increase, noting that the fund comprises of contributions of a number of banks, mainly the Export Development Bank of Egypt (EDBE), which is the main contributor for up to 30%.
Union Capital Incorporated is a private equity firm specializing in investments in growth capital; expansion capital; turnaround, development restructuring; spin-offs from business restructuring or from privatizations; and finance required prior to intended initial public offering and management buy-outs.