The Sovereign Fund of Egypt and B Investments to co-invest in healthcare sector

The Sovereign Fund of Egypt (TSFE) and BPE Partners’ flagship investment vehicle, B Investments Holding, have announced agreements to invest over EGP 2 billion (about $66.8 million) in specialised healthcare and pharmaceutical distribution and trade services in Egypt.

The first agreement states that TSFE will invest EGP 100 million (around $3.3 million) in B Healthcare Investments, an investment vehicle established by B Investments to invest in the Egyptian specialised healthcare sector with a focus on fertility, mother-and-child, and related services businesses.

The second agreement states that B Investments will invest in TSFE Healthcare & Pharma Subfund’s established investment platform dedicated to investing in pharmaceutical distribution and trade services.

Both transactions are subject to regulatory approvals and are expected to close during the first half of 2023.