Man Capital LLC is the investment arm and single family office of the Mansour Family, which owns one of Egypt’s most important conglomerates. The family conglomerate is run by three brothers; Forbes estimates their fortune to be in the amount of $5B. Mohamed is the leading figure in the family, together with his two brothers Yasseen and Youssef. They stem from a leading business family in Alexandria. The brothers transformed the cotton trading firm of their father in seven decades since the founding in 1952, into a conglomerate employing 60.000 people globally. Today, the family conglomerate is the the second biggest holding in Egypt, with nine of the Egypt’s Fortune 500 companies. The company is the largest General Motors dealer in the world, and also one of the greatest distributors for Caterpilar excavators serving customers from UK, Russia, Iraq to Tanzania, Kenya or Nigeria. Mohamed Mansours Brother Yasseen manages Palm Hills developments, one of the biggest property developers in Egypt. Apart from the car and heavy machinery trading Mansour is also engaged in the retail business, owning a supermarket and a discount chain in Egypt. The second largest bank of Egypt, Credit Agricole Egypt is also part of the Mansour Holding.
In 2010 the decision was made to take the management of the family assets in its own hands, with the founding of Man Capital. The London-based firm serves as family office and private equity investment firm. Mohamed Mansour’s son Loutfy Mansour is the chief executive officer and invests according to company information the family’s capital with a long-term horizon. With 12 employees in 2016, they had built up substantial expertise and now own shares in a big variety of well-known companies. One of the latest deals was a funding series for the Indian education technology startup College Dekho, therby trying to improve access to education through online courses for the Indian market. Furthermore, they were an early stage investor for the who is who of today’s known tech companies such as Facebook, Twitter, Spotify, Didi or Uber. Their investment focus is very broad containing Vanguard Logistics Services one of the world leaders in the LCL (Less Than Container Load) Shipping, Millenium Offshore Services a provider for offshore petroleum drilling, Educas a South African operator of private schools, IHS Towers a leader in mobile telecommunication coming from Nigeria, operating more than 20000 tower for mobile coverage in five African countries and a joint venture in Dynasty Group Holdings a medical diagnostics platform for the Middle East and Africa. Usually, the family offices makes around two new investments per year.
Key facts about the Mansour Single Family Office
- Family: Mansour
- Estimated wealth: 5 billion US dollars
- Location: London, United Kingdom
- Investment Focus: Direct Investments, Private Equity, Venture, Real Estate
- Notable Investments or Holdings: Didi, Uber, Spotify, Facebook, Twitter
- Website: https://www.man-capital.com/
Picture source: Samuel Zeller
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