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Mon 18 Oct 2010 11:21 AM

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Citadel Capital mulls two IPOs from its portfolio

Company plans to raise up to $250m from each share sale, will list on regional market

Citadel Capital mulls two IPOs from its portfolio
Cairo-based Citadel Capital may list two of its existing portfolio companies

Egyptian private equity firm Citadel Capital plans to list two of its existing portfolio companies in the next 12 to 24 months, its managing director has said.

Cairo-based Citadel is planning to raise $175m to $250m from each of the share sales, Stephen Murphy said.

“More liquidity is coming into the market place; so we’ll take this opportunity with some of the more mature companies in our portfolio to consider a listing,” he said.

The company would look at listing the companies in Egypt or “regional” stock markets, he said.
Citadel Capital manages about $8.3 billion in investments spanning 14 countries.

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