Accelero Capital, the investment and management group, has announced on Tuesday that it has acquired ownership interest of its largest shareholder, Orascom TMT Investments (OTMTI), in a management buyout. According to the press statement, the transaction will include the discontinuation of the management of certain assets for which Accelero Capital currently provides management, consultancy, and advisory services, in addition to changes in Accelero Capital’s ownership structure. The move comes as Accelero Capital seeks to reposition itself as an independent holding company with diversified sources of capital and a significantly broader investment mandate. With Accelero Capital’s track records of double digit returns, they are poised to emerge as one of the leading asset and fund managers in the region in 2017, said Khaled Bichara, co-founder of Accelero Capital. Accelero Capital, which was established 5 years ago, has managed client investments of over $550m, as well as having raised over $225m for direct deployments and acquisitions through its investment funds.

Source: Daily News Egypt February 15, 2017 15:28 UTC