The Egyptian-founded, Nasdaq-listed mass-transit group delivered VNV's largest fair-value boost in the third quarter—a rare bright spot in a portfolio otherwise marked down by private-market multiple compression.
The move follows MNT-Halan’s highly anticipated float on the Egyptian Exchange (EGX) on October 20, which was the country’s largest IPO in dollar terms since at least 2021.
The Egyptian-founded, Nasdaq-listed mass-transit group delivered VNV's largest fair-value boost in the third quarter—a rare bright spot in a portfolio otherwise marked down by private-market multiple compression.
The move follows MNT-Halan’s highly anticipated float on the Egyptian Exchange (EGX) on October 20, which was the country’s largest IPO in dollar terms since at least 2021.
The London-based private equity firm, which says it manages some $4bn in assets and co-investments and has invested nearly $850mn in Egypt over the past decade
