Asafo & Co. provided advisory services to Mediterrania Capital Partners (‘MCP’) as it spearheaded a consortium to execute a strategic investment agreement with Laprophan, a prominent pharmaceuticals entity in Morocco. MCP, a private equity firm with a focus on growth investments in small and mid-size African companies, led the consortium which included DEG, FMO, […]
Capital Markets
Real Estate, Construction & Infrastructure
United Arab Emirates
Norton Rose advises Dar Global on London Stock Exchange listing
Global law firm Norton Rose Fulbright has successfully advised Dar Global, a Dubai-based real estate development company, on its direct listing on the London Stock Exchange. The listing was achieved through a complex corporate reorganisation
Capital Markets
Deal & transactions
Egypt
TMT
Sharkawy & Sarhan with Vodafone on the acquisition by Vodacom
Sharkawy & Sarhan acted as Egyptian counsel to the Vodafone Group (“Vodafone”) in relation to the transfer of its 55% shareholding in Vodafone Egypt to Vodacom. The spam of the transaction took more than a year.
Capital Markets
IPOs
Saudi Arabia
TMT
Saudi-based 2P Initial Public Offering on Tadawul. The advisors
Global law firm White & Case and The Law Office of Megren M. Al-Shaalan have advised Perfect Presentation for Commercial Services Company (“2P”), provider of artificial intelligence and technology solutions, on its initial public offering (“
Capital Markets
Real Estate, Construction & Infrastructure
United Arab Emirates
Dentons with Arada Developments on its USD100 million sukuk tap issuance
Arada Developments (“Arada”), the property developer in the Northern Emirates of the United Arab Emirates, has successfully closed a $100 million tap of its existing $350 million Sukuk, which was issued in June and listed on
Banking & Finance
Capital Markets
Saudi Arabia
Saudi Real Estate Refinance Co. issues SAR3 B guaranteed sukuk
Saudi Real Estate Refinance Company (“SRC”), the wholly-owned Public Investment Fund of the Kingdom of Saudi Arabia, has increased its programme limit from SAR 10 billion to SAR 20 billion and issuance of SAR 3 billion (USD798 million)
BMCE Capital Investment, part of the BMCE Capital Group, has launched Fonds Capital Venture, its first private equity fund to support growth in Morocco’s start-up ecosystem. The newly formed MAD 50 million (USD 4.5
Capital Markets
Egypt
Industrial
TCI Sanmar completes Egypt’s first Bonds Issuance via Debt Conversion
TCI Sanmar Chemicals (“TCI Sanmar”) has successfully completed the private placement of the company’s Non-Convertible Debentures (“NCDs”) to nine foreign banks through the conversion of 15% of the total debt of TCI Sanmar into a
Alieldean Weshahi & Partners acted as legal advisor for Contact Financial Holding, a non-bank financial service provider in Egypt, on the closing of an EGP 2 billion (approx. USD 102.5) sukuk issuance, following Financial Regulatory Authority (“FRA”)
Banking & Finance
Capital Markets
Egypt
Dreny & Partners: Efg Hermes completes securitization transaction
Efg Hermes Corp Solutions has successful completed the second securitization transaction amounting to EGP 2 billion, from a multi-issuances program amounting to EGP 3 billion. The issuance was comprised of three tranches, where the first tranche is
