Ragy Soliman_Muhammed Nassef

Development Partners International sells B.TECH stake to PIF

Africa-focused investment firm Development Partners International (“DPI”) sold its 34% minority stake in consumer electronics and household appliances retailer B.TECH to Saudi Egyptian Investment Company (“SEIC”), The Saudi Public Investment Fund (“PIF”)’s Egyptian investment arm. 

The advisors 

For DPI: White & Case acted as its international counsel alongside Matouk Bassiouny & Hennawy (“MBH”) and Zulficar and Partners as local legal counsels. PWC acted as sell-side financial advisors, while Arqaam Capital acted as the M&A advisor. 

The MBH team advising on the transaction was led by Muhammed Nassef (partner, pictured right) and included Omar Adel (senior associate), Hassan Mohamed (senior associate), Laila Khattab (associate) and Lina Raouf (associate).  

The White & Case team in London which advised on the transaction was led by partner Ken Barry and included partner Will Smith and associates Oji Adoh, Charlotte Deans and Peter North.

For PIF: Akin Gump acted as its international counsel alongside Adsero-Ragy Soliman and Partners as local legal counsel. EFG Hermes acted as M&A advisor. 

Adsero legal team was led by Ragy Soliman (managing partner and co-head of m&a and capital markets, pictured left), Ahmed Abdelgawad (partner and co-head of m&a and capital markets), assisted by Ibrahim ElGengehy (counsel), associates Farida Banany and Yomna Taha, and junior associates Soha Hussein and Farida Koura

Development Partners International sells B.TECH stake to PIF

suzan.taha@lcpublishinggroup.it

legalcommunitymena.com

Launched in 2022 by LC Publishing Group S.p.A., it is the first digital portal addressed to the Middle East North Africa market.

In terms of contents, the website focuses on both law firms and in-house legal departments, covering the latest news and rumors on deals and operations (and the related advisors) as well as on lateral hires, moves and new appointmens and providing insights, analytical data and opinions on the professions’ main trends and topics (AI, innovation, etc.).

For further information, please visit the Group’s website www.lcpublishinggroup.com

Legalcommunity MENA
LC Publishing Group S.p.A. – Via Tolstoi 10 – 20146 Milano – Tel. 0236727659 – C.F./P.IVA 07619210961
REA 1971432 Registro delle Imprese di Milano – Cap. Soc. Euro 50.000,00 i.v.

Copyright 2023 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram