Dreny & Partners with Amer and Tropi 2 on EGP 451 m securitization
Dreny & Partners advised Amer for Touristic Development Company and Tropi 2 for Touristic Development Company, both subsidiaries of Amer Group on a securitization transaction amounting EGP 451 million.
The operation – backed by a receivables portfolio originated by Amer for Touristic Development Company and Tropi 2 for Touristic Development Company – falls within the broader context of a 3-year multi-issuances program for a total amount of EGP 4 billion.
The banking support
EFG Hermes Promoting and Underwriting S.A.E served as the financial advisor and lead arranger of the transaction, as well as underwriter along with Al Baraka Bank, and Commercial International Bank who also acted as the custodian of the transaction. The Industrial Development Bank served as bookrunner, while KPMG also worked as the official auditor for the transaction.
The Dreny & Partners team
The Dreny & Partners capital market team on the matter included senior associate Sherine El Menyawy, managing associate Aya Khaled, as well as junior associates Farah Younis and Hania ElGamal. Moreover, senior associate and head of capital markets procedures team Nagy Ebied worked on the transaction, together with associate Mohamed Youssef.
