Debevoise & Plimpton LLP has advised Lorax Capital Partners (“Lorax”), an Egypt-focused private equity firm, on the formation of LCP Fund II Coöperatief U.A. (“LCP Fund II”), with total commitments of over $250 million, exceeding Lorax’s target fund size.
LCP Fund II plans to support profitable and fast-growing midcap companies in promising sectors of the Egyptian economy, favoring local consumption and production as well as financial inclusion. The fund will also target companies eager to expand regionally and that present the opportunity to create positive and sustainable environmental, social and developmental impacts in Egypt.
For more information on Lorax, see here.
The Debevoise team advising Lorax was led by partner Matthew Dickman, and included associates Tom Berry and Louis Liu. Tax advice was provided by international counsel Patrick Fasoro. Regulatory advice was provided by international counsel Jin-Hyuk Jang.