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Mediterrania buys 40% share in Cairo Scan

Mediterrania buys 40% share in Cairo Scan

Cairo: Mediterrania Capital Partners, the private equity firm focused on growth investments for SMEs in North African and Sub-Saharan countries, has acquired 40% stake in Cairo Scan Radiology and Labs in a deal worth EGP 103mn, according to sources.

The deal was executed through the exit of the major shareholder Dr. Mohamed Abdel Wahab, who is the chairman and cofounder of Cairo Scan, and the exit of Dr. Ashraf Selim, the chairman of Seha Scan & Lab, who owns a minority stake.

Mediterrania Capital Partners is a dedicated Private Equity firm focusing on growth investments in SMEs and mid-cap companies in Africa. The company started its operations in 2008 under “Fons Mediterrania Capital” and since 2013 is an independent General Partner Structure.

The company is a regulated financial investment manager licensed by the Malta Financial Services Authority (MFSA) and the Financial Services Commission (FSC) in Mauritius.

Established in 1983, Cairo Scan is a leading private provider of diagnostic and interventional imaging services across Egypt. The firm has 15 diagnostic services branches in Greater Cairo.

Source: Al-Mal Newspaper 

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