Dreny & Partners with Drive Finance on EGP 2.440 bn
Dreny & Partners advised Drive Finance in connection with a securitization transaction for both their consumer finance and factoring “Car Loans” portfolios amounting to EGP 2.440 billion.
The operation falls within the broader context of a 3-year multi-issuance program with a total value of EGP 25 billion.
The banking support
Commercial International Bank “CIB” and Arab African International Bank “AAIB” acted as the financial advisors and lead arrangers on the transaction, as well as the underwriters along with Al Baraka Bank. AAIB also served as the custodian and bookrunner, while Baker Tilly was the transaction’s official auditor.
The Dreny & Partners team
Dreny & Partners’ capital markets team on the matter included senior associate Metwally Sweify (pictured left), managing associate Aya Khaled (pictured centre), and junior associate Farah Younis.
Moreover, senior associate and head of capital market procedures team Nagy Ebied (pictured right) worked on the transaction, together with associate Ahmed Reda.
