Exits MENA Moves to Acquire Avanz Capital Egypt in Major Private Capital Expansion

Exits MENA has signed an agreement with the existing local management of Avanz Capital Egypt (ACE) to acquire the Egyptian private equity and asset management firm, strengthening its push to build a broader investment platform across Egypt and the Middle East and North Africa.

The transaction is valued in the multi-seven-figure range and has received initial no-objection from Egypt’s Financial Regulatory Authority (FRA) as the parties move through the required regulatory process.

The acquisition represents a significant expansion of Exits MENA’s business model. The company has primarily focused on investment advisory, fundraising, mergers and acquisitions, and investment-readiness services for startups and small and medium-sized enterprises. Bringing ACE into the group will add private equity and asset management capabilities.

ACE’s existing leadership will remain involved following the transaction. Haytham Wagih, the company’s CEO and Managing Director, will continue overseeing its operations and investment activities, helping maintain continuity for investors, portfolio companies and other stakeholders.

Exits MENA was founded in 2022 by Mohamed Abuelnaga Nagaty, Ayman El Tanbouly and Ahella El Saban. Since its launch, the company has expanded its activities across multiple markets and developed a regional network focused on connecting businesses with investment and strategic advisory services.

The acquisition is intended to bring several parts of the investment lifecycle under one group, combining advisory services with direct investment and asset management. Exits MENA says it will maintain separation between advisory mandates and investment decision-making as part of its governance structure.

As part of the next stage of the transaction, Avanz Capital Egypt is expected to be renamed Exits Manara, becoming Exits MENA’s private capital and asset management arm.

The subsidiary will continue managing Manara 1, its existing fund-of-funds focused on SMEs, while plans also include the development of Manara 2 for Export Investments, a proposed vehicle targeting mid-sized Egyptian businesses seeking to expand into international markets.

The deal positions Exits MENA to play a wider role in Egypt’s private capital ecosystem at a time when startups and SMEs continue to face significant financing constraints.

Rather than operating solely as an adviser helping companies prepare for investment or transactions, Exits MENA is moving toward an integrated model that combines advisory expertise, private equity and asset management within the same broader financial group.