Helios Investment and Egyptian-American Enterprise Fund to acquire 97% of Misr Hytech.

Helios Investment, a Africa-focused private investment firm, and the Egyptian-American Enterprise Fund, a government seeded investment fund, agreed to acquire 97% of Misr Hytech, a breeder and producer of proprietary agricultural seeds in Egypt, and one of the Middle East. Financial terms were not disclosed. “Misr Hytech’s management team has built an outstanding seeds business with a long track record and a market-leading position in Egypt. Misr Hytech is a scarce asset in Africa with growing end markets and strong structural tailwinds. We are very excited to partner with, and back, what we believe is a first-rate management team to achieve the next phase of growth for the Company in Egypt and other markets in Africa and the Middle East,” Alykhan Nathoo, Helios Partner.