Egyptian tycoon Medhat Mohamed Khalil abandons sale of Raya Foods to Helios
Medhat Khalil's Raya Holding cancelled the sale of Raya Foods to Helios after conditions went unmet, eight months after board approval.
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Medhat Khalil's Raya Holding cancelled the sale of Raya Foods to Helios after conditions went unmet, eight months after board approval.
Helios Investment Partners has completed the sale of its majority stake in Nigeria’s Axxela to the BlueCore energy consortium.
Tope Lawani’s Helios agrees to buy Frigoglass Nigeria for $116 million, covering Beta Glass and Frigoglass Industries.
Helios is preparing to sell its remaining stake in Axxela, marking a major shift in Temitope Lawani’s investment focus.
Helios secures $50 million from IFC and Proparco to scale Africa’s sports and entertainment sector through investments in events, media rights, and infrastructure.
This allows Helios to acquire a 49 percent stake in Raya Foods, significantly enhancing the company’s growth trajectory and operational capabilities.
Helios Investment is one of the largest Africa-focused private investment firms.
In its audited statement for 2020, the company reported plunging earnings and a 40-percent drop in profit.
The venture will be implemented with private equity firm Helios Fairfax Partners Corporation.