HC Se­cu­ri­ties, In­vest­ment launches pri­vate eq­uity prac­tice

Com­pany ap­pointed in­dus­try vet­eran to spear­head strate­gic prac­tice

The Daily News Egypt - - News -

HC Se­cu­ri­ties and In­vest­ment, an Egypt-based fi­nan­cial ser­vice firm, an­nounced on Mon­day that it launched a pri­vate eq­uity prac­tice, which will in­vest in mid-cap com­pa­nies run by out­stand­ing en­trepreneurs and man­age­ment teams that are look­ing to ac­cel­er­ate their busi­nesses’ growth.

HC will self-fi­nance the prac­tice and raise funds from a con­sor­tium of clients and in­vestors on a dealby-deal ba­sis.

The com­pany’s Founder and Chair­per­son, Hus­sein Chou­cri, said that that HC hopes not only to pro­vide long-term value to its part­ners and in­vestors, but also to sup­port the Cen­tral Bank of Egypt’s (CBE) ini­tia­tive to back thriv­ing medi­um­sized com­pa­nies.

“The prac­tice will be headed by Ahmed Des­souky, a highly ex­pe­ri­enced fi­nancier and Wall Street vet­eran,” Chou­cri stated.

Des­souky as­sumed his new po­si­tion in HC on 15 Oc­to­ber. Pre­vi­ously, he worked in pri­vate eq­uity for Lone Star Funds and Sil­ver Peak Part­ners in Chicago and New York, re­spec­tively.

He was also an in­vest­ment banker in Deutsche Bank’s branch in New York, and worked on project fi­nance en­gage­ment. Through­out his Wall Street jour­ney, Des­souky worked for many lead­ing com­pa­nies and in­sti­tu­tions in mul­ti­ple sec­tors, in­clud­ing real es­tate, hos­pi­tal­ity, leisure, en­ergy, and in­fra­struc­ture.

He re­ceived a Bach­e­lor of Sci­ence in Fi­nance from McIn­tire School of Com­merce, Univer­sity of Virginia, as well as an MBA with Dis­tinc­tion from Univer­sity of Chicago Booth School of Busi­ness.

“We look for­ward to sup­port­ing en­trepreneurs in iden­ti­fy­ing and ex­e­cut­ing growth ini­tia­tives that build long term value for all stake­hold­ers,” Des­souky stated.

He af­firmed that the com­pany’s stel­lar rep­u­ta­tion and long-stand­ing mar­ket re­la­tions will al­low him to find unique in­vest­ment op­por­tu­ni­ties across mul­ti­ple sec­tors.

HC Se­cu­ri­ties and In­vest­ment’s Founder and Chair­per­son, Hus­sein Chou­cri

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