Helios Investment Partners and the Egyptian-American Enterprise Fund (EAEF) through their investment manager Lorax Capital Partners (LCP) have acquired a 96.7% stake of Misr Hytech Seed International, a breeder and producer of proprietary agricultural seeds in Egypt, and one of the Middle East and Africa’s largest independent seed companies.

Alykhan Nathoo, Partner at Helios, said: “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.”

James Harmon, Chairman of EAEF, added: “We are very excited about the great potential of this investment in contributing to the betterment of the Egyptian agricultural landscape. The achievement of the previous shareholders and excellent management team has strategically positioned Misr Hytech as a leader and pioneer in the Egyptian corn and sorghum market. We are very optimistic about the next growth stage both locally and regionally and are very much looking forward to continuing the Company’s success.”

Founded in 1993, Misr Hytech develops and produces hybrid seeds of white corn, yellow corn, grain and fodder sorghum, sweet corn, and vegetables in Egypt. The Company provides farmers with highperforming seeds that are adapted to the Egyptian market, leveraging its well-known brand, “Hytech”.

Misr Hytech’s products contribute to addressing Egypt’s fast-growing demand for food and animal feed, whilst improving food security by enhancing domestic farming productivity. The Company is headquartered in Cairo, with local R&D and state-of-the-art seed cleaning and processing facilities.

Misr Hytech has a strong portfolio of proprietary germplasm across key crops in Africa and the Middle East, which will be used to support the Company’s expansion across the continent.

Raman Sehgal, CEO and shareholder of Misr Hytech, added: “Hytech has built a

strong track record as a consistent quality seed company in Egypt, and the team is looking forward to repeat success in the region by leveraging the synergetic opportunity that has become available with new investors opening many avenues to expand the business in the near future. Team Hytech is committed to deliver its best products to farmers to uplift their livelihood.”

Norton Rose Fulbright and Matouk Bassiouny acted as primary legal advisors to Helios and EAEF, and DLA Piper acted as Helios and EAEF’s intellectual property legal advisor.

Nyemaster Law Firm and Al Tamimi & Company acted as legal advisors to the selling shareholders, and Gulfstone Capital acted as financial advisor to the selling shareholders.