Dreny & Partners with Valu on 1.1 bn securitization
Dreny & Partners advised ValU’s on the 20th securitization transaction for the company’s consumer finance portfolio, amounting to EGP 1.1 billion. The operation falls within the broader context of a 3-year multi-issuance program with a total value of EGP 10 billion.
The banking syndicate
EFG Hermes Promoting & Underwriting S.A.E acted as the financial advisor and lead arranger on the transaction, while Arab African International Bank, EFG Hermes Promoting & Underwriting S.A.E and ABK served as the underwriters. Arab African International Bank worked as custodian and bookrunner; Baker Tilly (Hilal & Abdel Ghaffar) as the official auditor.
The Dreny & Partners team
The Dreny & Partners capital markets team working on the matter included senior associate Sherine El Menyawy (pictured left), with junior associates Farah Younes, and Khaled Hammam. The firm lineup also included senior associate and head of capital market procedures team Nagy Ebied (pictured right) and associate Mohamed Youssef.
