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HC Securities, Investment launches private equity practice - Daily News Egypt

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HC Securities, Investment launches private equity practice

Company appointed industry veteran to spearhead strategic practice


HC Securities and Investment, an Egypt-based financial service firm, announced on Monday that it launched a private equity practice, which will invest in mid-cap companies run by outstanding entrepreneurs and management teams that are looking to accelerate their businesses’ growth.

HC will self-finance the practice and raise funds from a consortium of clients and investors on a deal-by-deal basis.

The company’s Founder and Chairperson, Hussein Choucri, said that that HC hopes not only to provide long-term value to its partners and investors, but also to support the Central Bank of Egypt’s (CBE) initiative to back thriving medium-sized companies.

“The practice will be headed by Ahmed Dessouky, a highly experienced financier and Wall Street veteran,” Choucri stated.

Dessouky assumed his new position in HC on 15 October. Previously, he worked in private equity for Lone Star Funds and Silver Peak Partners in Chicago and New York, respectively.

He was also an investment banker in Deutsche Bank’s branch in New York, and worked on project finance engagement. Throughout his Wall Street journey, Dessouky worked for many leading companies and institutions in multiple sectors, including real estate, hospitality, leisure, energy, and infrastructure.

He received a Bachelor of Science in Finance from McIntire School of Commerce, University of Virginia, as well as an MBA with Distinction from University of Chicago Booth School of Business.

“We look forward to supporting entrepreneurs in identifying and executing growth initiatives that build long term value for all stakeholders,” Dessouky stated.

He affirmed that the company’s stellar reputation and long-standing market relations will allow him to find unique investment opportunities across multiple sectors.

Topics: HC Securities

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https://www.dailynewsegypt.com/2018/11/05/hc-securities-investment-launches-private-equity-practice/
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