Aug
27
Lebanese Private-Equity Firm Chases Diaspora in Africa for Deals
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EuroMena plans to raise $300 million for SME, debt funds
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Firm expects to close two acquisitions, three exits this year
EuroMena Funds, a Beirut-based private-equity firm that has raised $350 million since 2006, plans to almost double assets as it seeks investments in Lebanese-owned companies operating abroad while also backing smaller businesses in its home regions.
After a decade of deploying most of its capital in Lebanon, Jordan and Egypt, EuroMena’s latest fund has spent $55 million for stakes in a toilet-paper manufacturer in Nigeria, a Tunisia-based operator of clothing stores, and the Moroccan franchisee of French retailer Carrefour SA, said Giles de Clerck, the firm’s executive partner. Two more acquisitions are expected to be completed this year, he said…
Lebanese Private-Equity Firm Chases Diaspora in Africa for Deals
