Adsero and Matouk Bassiouny on the acquisition of Zahran Market

Adsero advised Ezdehar Management (Ezdehar), an Egypt-based private equity firm, on the full acquisition of the food retailer Zahran Market, advised by Matouk Bassiouny after purchasing the remaining 40% stake.

This deal marks the completion of a two-year collaboration with the Zahran family, focusing on modernising operations and enhancing management systems, highlighting Ezdehar’s commitment to Egypt’s retail sector.

Adsero’s team

Adsero’s team was led by managing partner and co-head of M&A and capital markets Ragy Soliman (pictured), counsel Dina Sherif, and managing associate Yomna Taha.

Matouk Bassiouny’s team

Matouk Bassiouny acted as legal advisor to Zahran Market. The team was led by founding partner Omar S. Bassiouny (group head of Corporate and M&A-pictured left) and included senior associate Saifallah Kadry and junior associate Ali Abu Zeid.

Compass Capital, with Ahmed Hussein, acted as the financial advisors to Zahran Market.