Egypt’s Exits MENA, the region’s first investment platform and advisory firm focusing on startups and SMEs, has announced the signing of a multi-seven-figure transaction to acquire Avanz Capital Egypt (ACE), a private equity and asset management firm.
Founded in 2022 by Mohamed Abuelnaga Nagaty, Ayman El Tanbouly, and Ahella El Saban, Exits MENA has expanded its footprint into seven global markets. The company has built a strong track record across investment transactions and strategic advisory engagements, supported by a growing network of regional and international partners, having established more than 75 global partnerships, launched three ongoing investment-readiness programmes, and supported more than 2,000 businesses across the region.
With initial approval from Egypt’s Financial Regulatory Authority (FRA), the transaction represents an important milestone in Exits MENA’s strategy to build an integrated financial group serving investors, startups, SMEs, and financial institutions across Egypt and the wider MENA region.
Under the agreement, ACE’s existing management team, led by CEO and managing director Haytham Wagih, will remain in place and retain responsibility for the firm’s operations and investment activities.
The structure is designed to provide existing investors and clients of ACE with continuity, alignment, and confidence in line with international private equity standards, while creating a stronger platform for developing scalable and impactful private capital opportunities.
“We are now better aligned through ownership participation. Our team remains in place and will continue to expand. Our investment process remains unchanged,” said Wagih.