Ezdehar Management, a leading private equity firm, has announced the acquisition of a majority stake in Kemet, a prominent Egyptian food company, through its Ezdehar Mid-Cap Fund II. This strategic investment marks a significant milestone in Ezdehar’s commitment to supporting high-potential businesses in Egypt’s fast-growing food and beverage (F&B) sector.
Kemet is well-known for its production of pretzels and a variety of savoury snacks tailored to the domestic Egyptian market. The company has also established a strong export footprint, distributing its products across Africa, Europe, Asia, the Middle East, and Australia. With Ezdehar’s backing, Kemet plans to accelerate its expansion into the healthy snacking category, aiming to introduce new product lines and strengthen its international presence.
Amir Mishriky, Managing Director at Ezdehar, expressed enthusiasm about the partnership, stating:
Kemet is a standout company in Egypt’s F&B space – with wide export reach, strong product and brand equity, and a track record that demonstrates resilience and longevity regardless of the economic conditions. We’re excited to support the next phase of the company’s growth, working closely with its founders and management team. We have full confidence in their ability to execute on their ambitious plans through continued product development and innovation. This investment reflects our broader conviction in the future of Egypt’s F&B and consumer sectors.
The investment will enable Kemet to diversify its product portfolio beyond pretzels, enhance its production capabilities, and expand its global distribution channels. The company’s growth strategy is aligned with rising consumer demand for healthier snack options, both locally and internationally.
Ezdehar Mid-Cap Fund II is backed by a consortium of reputable international and local investors, including the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), British International Investment (BII), FMO (the Dutch entrepreneurial development bank), the International Finance Corporation (IFC), the Egyptian American Enterprise Fund, and the Belgian Investment Company for Developing Countries. Several Egyptian banks and investment institutions also support the fund.
