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بوابة الفجر
MENA and ACE management buy Avanz Egypt
The article focused on Exits MENA, a company specializing in direct investments and asset management, acquiring Avanz Capital Egypt in partnership with the local management team of ACE. The deal exceeded seven figures, aiming to expand its capabilities in private equity and asset management. The current management team, led by Haitham Wajih, will continue their operations, with efforts to strengthen alignment with investors and support expansion. The goal is to build an integrated investment platform serving the Egyptian market and the broader Middle East and North Africa region. This acquisition is part of a strategy to enhance the private capital market and promote the sustainable development of small and medium-sized enterprises through the development of new investment tools and an increase in assets under management, despite funding challenges in the region.
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