Egypt: PE firm backs new pharma venture

The Sovereign Fund of Egypt (TSFE), through its Healthcare & Pharma Subfund, and private equity firm B Investments, announced the launch of a new company EZ International in partnership with pharmaceutical chain El-Ezaby Pharmacy.

EZ International aims to be a dependable one-stop shop for the country’s pharmaceutical companies, offering everything from logistical and administrative support to distribution and trade services to grow their businesses and ensure customer satisfaction.

To support the new venture, TSFE and B Investments are moving ahead with a two-year capital increase plan. The proceeds will kickstart EZ International, helping it roll out services to more than 500 pharmacies countrywide, starting with El-Ezaby’s more than 250 branches.