Vantage Capital Invests USD45 Million in Egypt’s International Group for Modern Coatings

Vantage Capital, Africa’s largest mezzanine debt fund manager, has provided USD45 million of mezzanine debt funding to the International Group for Modern Coatings (MIDO), a leading Egyptian manufacturer of specialty paints and coatings. The proceeds will be used for debt refinancing and working capital funding, enabling MIDO to unlock its production capacity. Founded in 1979 by Dr. Aly Ghaly, MIDO produces over 1,200 SKUs and generates revenues across more than 50 countries.