SPE Capital, Amethis in manufacturing deal
SPE Capital, Proparco and Amethis have invested in Egypt-based Delta Holdings.
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A consortium of investors – including SPE Capital, through its SPE PEF III fund, Proparco, and Amethis via its MENA Fund II – has invested in Delta Holdings, an Egypt-based manufacturer of specialty additives for the paint and coatings industry.
The consortium’s investment will support Delta Holdings in broadening its product offering and accelerating its export-oriented initiatives.
SPE Capital managing partner Stéphane Heuzé and partner Ahmed El Oraby said in a joint statement: “We are thrilled to partner with the company’s exceptional management team, whose vision, execution, and track record compelled us to pursue this investment. The company has delivered a strong and resilient performance, backed by solid fundamentals and a clear strategic direction. We are confident in its potential for continued growth and value creation, and we look forward to supporting the team as they scale operations, deepen capabilities, and pursue their ambitious growth and impact objectives.”
Tibor Asboth, head of private equity for Africa and the Middle East at Proparco, commented: “Proparco is very proud to partner with SPE Capital and Amethis to support Delta Holdings in delivering value-added solutions to the coatings industry, serving local, regional and multinational customers. Leveraging Delta Holdings’ strong technical expertise and customisation capabilities, we aim to accelerate the company’s next phase of growth on a global scale, while pursuing its commitment to sustainability through the development of environmentally friendly solutions.”
Toufic Khoueiri, senior partner at Amethis, stated: “We look forward to partnering with SPE Capital, Proparco and the sponsors to support Delta Holdings across its next growth phase. The company, led by its fantastic management team, has proven resilient and successful over the prior period and aligns well with our investment strategy. We are excited to work closely with our partners and the management team to help unlock Delta Holdings’ significant growth and impact potential over the coming years.”
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