UK-based Alta Semper Capital is planning to invest $200m in Egypt and Africa over the next two years, head of its Cairo office said.
Investments will be pumped into the healthcare and consumer sectors, Ahmed Rady told Daily News Egypt.
The British company made its first investments in Egypt back in December 2016 when it partnered with CI Capital Partners to acquire a stake in Macro Holding.
Last week, Alta Semper Capital, a consumer and healthcare-focused private equity investor operating across several growth markets with a specific focus on Africa, and based in London, announced that Ahmed Rady joined the firm’s private equity team as a director and as head of its Cairo office.
The office will serve Egypt and the region by enabling investments into the consumer and healthcare sectors.
Afsane Jetha, managing partner and CEO of Alta Semper, said, “there are many interesting investment prospects in Egypt to which we can apply our international experience. The decision to expand into Cairo and open a second office was a logical step in our business growth strategy which allows us to capitalise on the exciting business opportunities in the region and to have better accessibility to African markets.”
She added, “Rady’s extensive experience in the consumer and healthcare fields together with his strong background in sourcing and execution of transactions will be an invaluable resource for Alta Semper, especially as we plan to continue to invest in markets that require local knowledge.”
In that regard, Rady stated that he is looking forward to joining the Alta Semper team and to head the Cairo office.
He clarified that the company focuses on capturing the tremendous growth opportunity in select African frontier markets in two strategically targeted sectors, healthcare and consumer.
These are verticals where the Alta Semper team has significant investment and industry expertise, and where the team believes there is a considerable need for investment in its target countries.
Rady joins Alta Semper with 10 years of investment banking, private equity, and corporate finance experience.
He spent most of his career with CI Capital Holding, where he was most recently director of the firm’s investment banking business. In that role, he was directly responsible for originating and executing public and private transactions within the consumer and healthcare sectors.