Helios Investment eyes stakes in 3 Egyptian companies
Updated 10/23/2024 9:15:00 AM
Arab Finance: Helios Investment Partners, a leading private equity firm focused on the African market, is considering acquiring stakes in three Egyptian companies as part of its ongoing expansion strategy, the company’s Head of Consumer and Healthcare Raed Barkatis told Al Arabiya Business.
He revealed that the firm is exploring investment opportunities in sectors such as financial technology, digital infrastructure, data centers, and consumer products.
Barkatis mentioned that these investments could be made through direct acquisitions or equity partnerships.
The investment volume for each opportunity is expected to range between $40 million and $150 million.
Helios, headquartered in London, manages nearly $3 billion in investment funds and is the largest investment fund focused on Africa.
Helios plans to bolster its presence in the export-eligible frozen food sector through Raya Foods, as well as invest in the freeze-drying industry, which utilizes technology to preserve perishable goods like food by removing moisture.
Looking ahead, Helios is evaluating the possibility of listing Raya Foods on the Egyptian Exchange (EGX), although Barkatis noted that any decision regarding the offering would be made after the company’s expansion plans are further along.
The expected timeframe for growth and development ranges between five and seven years, making it premature to make a final decision at this stage.
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