B Investments just upped its Giza Systems valuation: BPE Partners’ B Investments has increased Giza Systems’ valuation by 7.6% to USD 128 mn after reviewing its working capital and cash balances, it said in an EGX disclosure (pdf) yesterday.

ICYMI- B Investments agreed to sell its 44.7% stake in Giza Systems to Solutions by STC last October at an initial valuation of USD 119 mn. This is part of a larger transaction, in which Solutions by STC is acquiring 88.2% of the company.