The Sovereign Fund of Egypt (“TSFE”) through its healthcare and pharmaceutical industries Subfund (“TSFE Healthcare & Pharma Subfund”) and B Investments Holding (“B Investments”), BPE Partners’ flagship investment vehicle, have signed an agreement to invest in B Healthcare Investments (“BHI”), an Egyptian subsidiary of B Investments working in the specialised healthcare services with initial focus in […]
Background
Egypt
Opinions
United Arab Emirates
Mohamed Elmogy on elevating MENA’s in-house legal community
Mohamed Elmogy (“Mogy”) has recently been appointed as the Board Director for ACC MENA. LegalcommunityMENA had the opportunity to interview Mogy regarding how his new role aims to serve the in-house legal community in the region. Mogy, what inspired you to take on the role of Board Director for the ACC Middle East and North Africa […]
Chimera Investment has acquired 45% of GB Lease, a subsidiary of GB Auto, for EGP 855 million. This transaction comes as the latest episode in a series of investments made by Chimera in the non-banking financial services sector in Egypt and shows its confidence in the Egyptian market and the high prospects of this developing sector of the Egyptian economy. Adsero – Ragy […]
Deal & transactions
Egypt
Healthcare, Pharma & Life Sciences
Sandoz Egypt Pharma signs new partnership with Ibnsina Pharma
Sandoz Egypt Pharma, a division of the Novartis Group, and Ibnsina Pharma, a pharmaceutical distribution company, have partnered to expand access to Sandoz’s over-the-counter (OTC) portfolio of products through a distribution and promotion agreement. The goal of this agreement is to extend Sandoz Egypt Pharma’s reach to more patients by leveraging Ibnsina’s extensive network throughout the country. […]
Egyptian law firm, Eastern & Co. has appointed Hossam Atef (pictured) as its managing partner. Atef has extensive experience in the field of corporate law, with a focus on Mergers & Acquisitions and joint-ventures transactions. He has assisted clients in a range of industries, including touristic, energy, construction, FMCG and more, through the due […]
The Sovereign Fund of Egypt (“TSFE”) has established a Joint Venture with Etisalat Egypt by e& to launch the new company Erada Microfinance with the goal of providing access to a wide range of financial services to micro and small enterprises. The partnership is in line with Egypt’s Vision 2030 of supporting financial inclusion and creating opportunities for the youth through providing innovative […]
Zulficar & Partners Law Firm has welcomed Rana El-Nahal to its partnership. She will be part of the firm’s corporate and M&A Group. El-Nahal has a wealth of experience, having advised clients on many major transactions and joint ventures across a variety of industries since 2008. Her practice focuses on cross-border and local mergers and […]
Eldib & Co Attorneys at Law has welcomed Marwan Eissa (pictured) to its partnership, effective 1 January 2023. Eissa is an expert in Intellectual Property law and has a wealth of experience representing major clients, small businesses, and multinationals. He offers legal support, conducts trademark searches and investigations, registers national and international trademarks, handles refusals and oppositions […]
Etisalat Egypt by e& and The Sovereign Fund of Egypt (TSFE) have partnered together to launch the new company Erada Microfinance. Enabled by fin-tech, Erada is granted license allowing access to a diversified set of innovative financial products for Micro and Small Enterprises to expand their businesses. The founders and shareholding structure of Erada in […]
Deal & transactions
Egypt
Energy & Trading
Apex acquires and finances concessions in Egypt’s western desert
Herbert Smith Freehills has advised Apex International Energy (“Apex”) on its acquisition of interests in four concessions in the Western Desert region of Egypt from IEOC Production (“IEOC”), a subsidiary of Eni. Apex International Energy is a privately-held and private equity-backed independent oil and gas exploration and production company focused on Egypt. The acquisition is […]
