Cairo: Beltone Venture Capital has announced the successful partial exit from BirdNest, delivering a 3.5x return on invested capital and an 80% internal rate of return (IRR) over a two-year holding period.
The partial exit was executed across Beltone Venture Capital’s direct stake and its indirect stake through the joint fund with UAE-based Citadel International Holdings, while Beltone Venture Capital continues to retain a strategic stake in BirdNest, reinforcing its confidence in the company’s long-term growth potential.
Commenting on the milestone, Ali Mokhtar, CEO & Managing Partner of Beltone Venture Capital, said: “This outcome reflects the discipline of Beltone Venture Capital’s investment approach from rigorous underwriting and active portfolio support to disciplined capital realization. This partial exit enables us to return capital to our investors while retaining a strategic stake in BirdNest. We remain committed to supporting the company’s next phase of growth through Beltone’s financial ecosystem and capabilities.”
Mostafa Elnahawy, Co-Founder & CEO of BirdNest, added: “This milestone reflects the strength of BirdNest’s business model and the dedication of our team, partners, and investors. Over the past two years, we have achieved more than 10x growth in U.S. dollar revenue while reaching profitability. As we enter our next phase, we remain focused on creating sustainable long-term value and redefining hospitality through technology and exceptional guest experiences.”
Beltone Holding
(EGX: BTFH.CA) is a leading pan-African group headquartered in Egypt, with operations spanning eight countries across North and Sub-Saharan Africa. Empowering growth across every market it serves, Beltone offers a diversified and integrated platform of businesses including leasing and factoring, mortgage finance, consumer finance, SMEs, microfinance, asset management, securities brokerage, investment banking, private equity, venture capital, data science and AI solutions, as well as HR consultancy, recruitment, talent management, and tailored learning and development programs. Through its digital-led platform, the group provides savings services, and mobile payment solutions, reinforcing its commitment to financial inclusion and sustainable growth across the African continent.
For more information: www.beltoneholding.com
Investor Relations: ir@beltoneholding.com
