Egypt/November 6, 2018/Daily News Egypt/203 views /EgyptFeatured HC Securities, Investment launches private equity practice – Daily News Egyptshare on:FacebookTwitter Google +Pinterest Tumblr Linked InEmailSend to Email Address:Your NameYour Email AddressEmail check failed, please try againCancel 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. Leave A Comment Below Related ALSO READ Egypt - Fatah And Hamas Meets In Cairo To End DivisionTags:EgyptFeatured share on: FacebookTwitter Google +Pinterest Tumblr Linked InEmailSend to Email Address:Your NameYour Email AddressEmail check failed, please try againCancel previous articleZehabesha Daily Ethiopian News November 5, 2018next articleNigeria Denies Alleged Ill Treatment of Nigerians in AngolaRelated Posts3 shares Egypt/January 29, 2019 Price of US dollar against pound nearly stable on Tuesday after two-day decline – Daily News Egypt14 shares Egypt/January 29, 2019 Video: Treasures of our Art Museums 3 features Muhammad Ali dynasty era – Daily News EgyptI-Score launches inquiry product through internet in H1of 2019 – Daily News EgyptModrić approaches Ballon d’Or – Daily News EgyptCairo Industry Days kicks off to discuss Russian, Saudi cinema industries – Daily News EgyptRalph Fiennes receives Faten Hamama Achievement award, discusses his latest film with press – Daily News Egypt‘Cinema still alive’, a new paradigm where streaming websites, cinemas houses should coexist: Barbera – Daily News Egypt“It is more than sexual violence. We are fighting gender-based war,” Egyptian women say – Daily News EgyptSports minister’s 150 days: achievements, failures – Daily News EgyptIndorama acquires 74% stake in Medco Plast – Daily News Egypt