Investment Summary

8 Miles Invests In Eagle Chemical

On September 2, 2014, private equity firm 8 Miles invested in chemicals company Eagle Chemical

Investment Highlights
  • This is 8 Miles’ 1st transaction in the Chemicals sector.
  • This is 8 Miles’ 1st transaction in Egypt.
Investment Fate
  • Eagle Chemical was sold to a consortium of financial buyers in 2021.

Investment Summary

Date 2014-09-02
Target Eagle Chemical
Sector Chemicals
Investor(s) 8 Miles
Deal Type Stake Purchase

Target

Eagle Chemical

Cairo, Egypt
Eagle Chemical is a manufacturer of over 30 product categories including alkyds, solvent-based acrylics, saturated polyesters, un-saturated polyester resins, and water-based emulsion binders. Eagle Chemical was founded in 1958 and is based in Cairo, Egypt.

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Investor(S) 1

Investor
DESCRIPTION

8 Miles is a private equity firm focused on investing in Africa. The Firm looks to invest in high-growth companies and generally seeks to commit $15 to $45 million per transaction. Sectors of interest include agriculture, business services, financial services, consumer products, retail, energy, utilities, healthcare, leisure, real estate, telecom, media, technology, and logistics. 8 Miles was formed in 2008 and is based in London.


DEAL STATS #
Overall 4 of 8
Sector: Chemicals M&A 1 of 1
Type: Stake Purchase M&A Deals 3 of 6
Country: Egypt M&A 1 of 1
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-17 Biyinzika Poultry International

Bugolobi, Uganda

Biyinzika Poultry International specialised in the production and sale of poultry Day-Old Chicks ('DOC') and specialised poultry feed. Biyinzika Poultry International was founded in 1990 and is based in Bugolobi, Uganda.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-24 Orient Bank

Kampala, Uganda

Orient Bank is a medium-size commercial bank licensed by the Bank of Uganda to provide banking, stockbroking, and other related financial services to retail and corporate customers. Orient Bank was founded in 1993 and headquartered in Kampala, Uganda.

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