LCP Fund II acquires minority stake in loyalty services provider DSQ Group

EGYPT – Lorax Capital Partners Fund II, an Egypt focused private equity firm, has announced that it has acquired a significant minority stake in loyalty services provider DSQ Group (Umbrella company of Dsquares and Lucky) through its LCP Fund II. The acquisition includes Ezdehar Egypt Mid-Cap Fund’s 22.5% stake, which Lorax Capital was reported to be in talks for back in October. The bulk of the investment came through a capital increase which the fund says will be used to up-scale Dsquares’ new business lines and expand the company’s footprint…

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