MBH Guides ZCP in USD20 Million Investment Boost for Solva
Matouk Bassiouny & Hennawy (MBH) served as international legal advisor to ZCP, a Sawiris family-backed investment firm, in its USD20 million investment in Solva Group Ltd (‘Solva’) and its subsidiaries, a prominent fintech business in Central Asia based in Almaty, Kazakhstan.
The investment aims to propel Solva’s evolution from a microfinance entity into a fully licensed SME-focused bank, significantly enhancing its capacity, expanding financing reach, introducing new funding sources, and incorporating transactional products. ZCP’s equity infusion will expedite Solva’s regional expansion plans, extending its credit scoring platform and inclusive finance principles throughout Central Asia.
The team advising on the investment was led by Omar S. Bassiouny (Founding Partner and Group Head of Corporate and M&A, pictured) and included Ossama Abouzaid (Senior Associate).
