Adenia Partners extends African footprint to Egypt
The firm has hired Heba Hakky as principal to lead its origination efforts as it seeks to capitalise on the opportunities in Egypt.
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Private equity firm Adenia Partners has extended its presence in North Africa by establishing on-the-ground representation for the firm in Egypt.
The firm has hired Cairo-based Heba Hakky as principal to lead its origination efforts as it seeks to capitalise on the growing investment opportunities in Egypt and surrounding countries. The expansion follows the closing of Adenia’s most recent oversubscribed flagship fund, Adenia Capital V, in April, which is the firm’s first completely pan-African vehicle.
“Egypt is one of the largest economies on the continent with great investment potential, so it is a natural focus for us as we extend our geographic horizons with our latest fund,” said Stéphane Bacquaert, managing partner at Adenia Partners. “It has an expanding consumer base, a young well-educated population, and a stable economic and financial environment with an abundance of interesting and fast-growing businesses. In particular we are seeing some exciting opportunities in consumer goods, healthcare, education and financial services.”
Hakky brings over 16 years of experience in investing and management roles across private equity, corporate investments and financial services, including roles at Actis, Ezdehar Management and Shari Holding. Most recently, she served for three years as the Egypt managing director of a tech-enabled lender focused on small and medium-sized enterprises in Egypt and Jordan. Hakky holds an MBA from London Business School.
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