e-finance participates in C3 Capital Fund 1’s launch via EGP 250M investment

Updated 3/4/2025 11:23:00 AM

Arab Finance: e-finance for Digital and Financial Investments has participated in the launch of Egypt’s first onshore private equity fund, C3 Capital Fund 1, according to a statement.

The fund concluded its first closing, with commitments reaching EGP 1.8 billion from leading institutional investors, in addition to family offices and high net-worth individuals.

Meanwhile, e-finance’s share in C3 Capital Fund 1 stands at EGP 250 million.

The EGX-listed company aims to play a vital role in the restructuring process of the companies the fund plans to invest in, particularly those related to the tech sector.

This investment will secure new business opportunities for e-finance, enabling the group to leverage its advanced technological infrastructure and utilize its services to drive the growth and transformation of those companies.

Ibrahim Sarhan, Chairman and Managing Director of e-finance, commented: “Our participation in the fund will allow us to exploit market value, particularly in light of the current attractive trading multiples of companies prevalent in the Egyptian equity market.”

“I am confident that together we will be able to play an important role in driving the Egyptian economy forward,” Sarhan added.

C3 Capital Fund 1 is Egypt's first-ever Private Investment in Public Equity (PIPE) fund. It will capitalize on the current undervaluation of EGX-listed equities by investing in high-growth potential companies.

A PIPE transaction enables investors to make a substantial investment in publicly traded firms and takes place when the value of the publicly listed equity has fallen or if it is believed to be undervalued.

This process allows the public company to raise capital using a financing technique that is more efficient than secondary offerings, as it requires fewer regulatory steps.