Vantage Capital Invests US$45 Million in MIDO to Drive Expansion in Egypt

Vantage Capital has invested US$45 million in mezzanine debt financing into the International Group for Modern Coatings (MIDO), one of Egypt's leading specialty paints ad coatings manufacturers, in one of the country's largest mezzanine financing transactions.

The funding will refinance existing debt, empower working capital, and support the expansion of MIDO's production capacity, including increased in-house packaging capabilities at its vertically integrated manufacturing facilities in Alexandria. Founded in 1979, MIDO exports to more than 50 countries, serving markets across the Middle East, Africa and beyond.

The transaction marks Vantage Capital's third investment in Egypt and its 41st investment across its mezzanine funds, underscoring continued investor confidence in Egypt's manufacturing sector.

Advisory Team:

WERKSMANS ATTORNEYS

Aarthi Ramdhin

Nhlonipho Mthembu