Egypt/June 4, 2019/Mohamed Samir /No Comment/146 views /EgyptFeatured Helios, EAEF acquire majority stake in Misr Hytechshare on:FacebookTwitter Google +Pinterest Tumblr Linked InEmailSend to Email Address:Your NameYour Email AddressEmail check failed, please try againCancel Helios Investment Partners (Helios), a leading Africa-focused private investment firm, and the Egyptian-American Enterprise Fund (EAEF) have acquired 96.7% of Misr Hytech Seed International (Misr Hytech) on Monday. Misr Hytech is a leading breeder and producer of proprietary agricultural seeds in Egypt, and one of the Middle East and Africa’s largest independent seed companies. Misr Hytech has a strong portfolio of proprietary germplasm across key crops in Africa and the Middle East, which will be used to support the Company’s expansion across the continent. “Misr Hytech’s management team has built an outstanding seeds business with a long track record and a market-leading position in Egypt. Misr Hytech is a scarce asset in Africa with growing end markets and strong structural tailwinds. We are very excited to partner with, and back, what we believe is a first-rate management team to achieve the next phase of growth for the Company in Egypt and other markets in Africa and the Middle East,” said Alykhan Nathoo, Partner at Helios. ALSO READ Suarez ruled out of the season with injuryFurthermore, James Harmon, Chairman of EAEF, explained that they are excited about the great potential of this investment in contributing to the betterment of the Egyptian agricultural landscape, adding that the achievement of the previous shareholders and excellent management team has strategically positioned Misr Hytech as a leader and pioneer in the Egyptian corn and sorghum market. ALSO READ Jordanian Ministers resign in preparation for new cabinet - Daily News EgyptOn the other hand, Suri Sehgal, founder of Misr Hytech, added that Misr Hytech, with its strong base in Egypt, is uniquely positioned to establish itself as a leading seed company in the emerging seed markets of Africa. While Raman Sehgal, Chief Executive Officer and shareholder of Misr Hytech, said that Hytech has built a strong track record as a consistent quality seed company in Egypt, and the team is looking forward to repeating success in the region by leveraging the synergetic opportunity that has become available with new investors opening many avenues to expand the business in the near future. ALSO READ Six schools received land within R8 area in New Administrative Capital - Daily News EgyptNorton Rose Fulbright and Matouk Bassiouny acted as primary legal advisors to Helios and EAEF, and DLA Piper acted as Helios and EAEF’s intellectual property legal advisor.Nyemaster Law Firm and Al Tamimi & Company acted as legal advisors to the selling shareholders, and Gulfstone Capital acted as financial advisor to the selling shareholders. Leave A Comment Below Related Tags:EgyptFeatured share on: FacebookTwitter Google +Pinterest Tumblr Linked InEmailSend to Email Address:Your NameYour Email AddressEmail check failed, please try againCancel previous articleWe Can’t Prosecute Zoomlion On Manasseh’s Insufficient Evidence – AGnext articleStonebwoy & Shattawale Arrive At Peace Press Conference – VIDEORelated Posts465 shares Egypt/June 20, 2019 /No Comment IDB continues expansion plan with opening of new branch downtown Cairo – Daily News Egypt461 shares Egypt/June 20, 2019 /No Comment US market represents 3% of tourist arrivals to Egypt: Al-Mashat – Daily News EgyptFRA issues short-selling licenses to HSB, FBG, CIBC, AAIS – Daily News EgyptWorld awaits opening of GEM: UNWTO – Daily News EgyptRosatom to hold forum for suppliers, contractors of Dabaa nuclear plant in Egypt next October – Daily News EgyptEgypt condemns Kenya’s terrorist attack – Daily News EgyptTurkey orders arrest of 128 military personnel over suspected Gulen links – Daily News EgyptUS military to send 1,000 soldiers to Middle East, Russia calls for restraint – Daily News EgyptTotal of 14 people referred to Criminal Court over Cairo’s railway station accident – Daily News EgyptEgypt’s SIS lambastes HWR’s comments over Morsi’s death – Daily News Egypt Leave a Response Cancel reply CommentName Email Sign me up for the newsletter! Notify me of follow-up comments by email. Notify me of new posts by email.