FMO to co-invest with Ezdehar Egypt in resin manufacture Eagle Chemicals Group

EGYPT – Ezdehar Egypt MidCap Fund, a private equity fund, has invited FMO, the Dutch Development Bank, to co-invest in Eagle Chemicals Group, a leading solvent and water-based resin manufacturer and supplier to industrial companies. FMO and Ezdehar will jointly acquire the shares of Eagle currently held by 8 Miles, an Africa focused PE fund. Ezdehar and FMO will provide value added in the following areas: governance, commercial, ESG and sustainability, organization and management, finance and reporting. According to FMO, it considers this an attractive investment opportunity as it provides…

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