Helios consortium acquires 96.7% of Egyptian based Misr Hytech

Helios Investment Partners, an Africa-focused private investment firm, and the Egyptian-American Enterprise Fund have acquired 96.7% of Misr Hytech through their investment manager Lorax Capital Partners. Misr Hytech is a leading breeder and producer of proprietary agricultural seeds in Egypt, and one of the Middle East and Africa’s largest independent seed companies. Misr Hytech was established in 1993 and is in the business of developing and producing hybrid seeds of white corn, yellow corn, sweet corn and vegetables in Egypt. The company is a strong contributor of Egypt’s fast-growing demand for food and animal feed and is headquartered in Cairo. The amount disbursed for acquisition was undisclosed.

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