Elsewedy Capital Holding Sells Majority Stake in Easy Lease

In a significant legal transaction, ADSERO – Ragy Soliman & Partners has successfully advised Elsewedy Capital Holding on the sale of 51% of the share capital of Easy Lease to Al Ahly Capital Holding (ACH), the investment arm of the National Bank of Egypt (NBE).

The legal team, led by Partners Ragy SolimanAhmed Adib, and Hana Awad, Senior Associate, was instrumental in facilitating the transaction. They were ably assisted by Ibrahim El Messery, Senior Associate, and Farida Farid Banoub, Associate. Partner Ehab Fedaa oversaw certain aspects of the transaction, ensuring a smooth process.

This achievement marks a significant milestone for Eng. Ahmed Elsewedy and Haytham Sabry, Chairman and Group CEO of El Sewedy Capital Holding, respectively, and Ahmed El Kholy, MBA, CEO of Easy Lease. Their leadership and strategic vision have been pivotal in this successful transaction.

The legal team at ADSERO – Ragy Soliman & Partners expressed their pleasure at having worked alongside Amr Namek, the legal advisor to AHC, and the team from AHC, which included Karim SaadaMay AsfourMahitab Orabi, and Omar Demerdash. The collaboration also extended to Ahmed H.Mohsen Abou El NourMahmoud Radwan, and Sarah Nassif from Al Ahly Pharos – الأهلي فاروس, who served as the sole financial advisor for the transaction.

This transaction underscores the dynamic nature of the legal landscape and the pivotal role that legal firms play in facilitating major business transactions. It serves as a testament to the expertise and dedication of all parties involved.