Sigma Capital

04-03-2025

E-Finance to Participate in Launch of First-Ever PIPE Fund in Egypt

Source: MIST

Company Name : E-Finance For Digital and Financial Investments SAE
ISIN Code : EGS743O1C013
Reuters Code : EFIH.CA
Content :
Release from the company regarding company's participation in the launch of First-Ever PIPE Fund in Egypt


e-finance for Digital and Financial Investments S.A.E. (“e-finance”, or the “Group”, EFIH.CA on the Egyptian

Exchange), a leading technology-focused investment firm in Egypt, announced today that it is participating in the

launch of Egypt’s first onshore private equity fund, C3 Capital Fund 1, the first-ever Private Investment in Public

Equity (PIPE) fund in Egypt. The objective of the fund is to capitalize on the current undervaluation of equities

listed on the EGX by investing in high growth potential companies.

A PIPE transaction refers to the undertaking of a sizable investment in publicly traded companies by private

investors and normally occurs when the value of the publicly listed equity has fallen or if it is believed to be

undervalued. The purpose of a PIPE is to support the public company in raising capital using a financing technique

that is more efficient than secondary offerings, as it requires fewer regulatory steps, leading to a significantly

faster timeline.

C3 Capital’s first closing was successfully completed, with commitments reaching EGP 1.8 billion from leading

institutional investors, in addition to family offices and high-net-worth individuals, with e-finance’s share in the

fund reaching EGP 250 million. The final close of the fund is expected to be EGP 3 billion.

Additionally, e-finance seeks to play a key role in the restructuring process of the companies the fund plans

to invest in. particularly from a technological standpoint. This involvement will open up new business

opportunities for e-finance, as the Group will be able to leverage its advanced technological infrastructure

and utilize its products and services to support the growth and transformation of those companies.

Ibrahim Sarhan, Chairman and Managing Director of e-finance for Digital and Financial Investments,

said: “Our participation in Egypt’s first-ever PIPE fund represents a major milestone for the Group when it comes

to our growth and diversification strategy. Our participation in the fund will allow us to exploit market value,

particularly in light of the current attractive trading multiples of companies prevalent in the Egyptian equity

market. I am pleased that through this fund we will be partnering up with several distinguished shareholders,

including banks and other financial institutions, and I am confident that together we will be able to play an

important role in driving the Egyptian economy forward.”