SPE Capital, EBRD, TCV and BII acquire Tamweely: the advisors

Adsero advised the sellers – Ayady Egypt for Investment & Development (Ayady), NI Capital Holding for Financial Investments (NI Capital), and Post For Investment (PFI) – on the divestment of Tamweely Microfinance (Tamweely), one of Egypt’s leading microfinance provider, in a landmark deal exceeding EGP 2.5 billion by a consortium of investors, including SPE Capital , European Bank for Reconstruction and Development (EBRD), TCV (Tanmiya Capital Ventures), and British International Investment (BII). Helmy, Hamza and Partners (a member firm of Baker & McKenzie International), represented the buying consortium on the acquisition of 100% of the capital of Tamweely Microfinance.

The consortium signed agreements to acquire Tamweely from its shareholders: Ayady for Investment & Development S.A.E, NI Capital Holding for Financial Investments S.A.E , and Post for Investment Company S.A.E, subject to obtaining the relevant regulatory approva

Consortium advisors

The investment consortium was advised, other than Helmy, Hamza and Partners, by BLC Robert & Associates, MF Strategy, Mediterranean Corporate Finance (MCF) – legal advisors – PricewaterhouseCoopers – financial advisor – IBIS Consulting – ESG and Impact – and various other consultants on commercial and technical matters.

Adsero’s team

Adsero’s team was led by partners Ahmed Abdelgawad (pictured left) and Ibrahim E. with senior associate Ibrahim el Messery and associate Soha Hussein.

Helmy, Hamza & Partners – Baker McKenzie’s team

Helmy, Hamza & Partners – Baker McKenzie’s team comprised partner Hani Nassef (pictured right), counsel Bassem Abdelrahman, counsel Mohamed Abdelhalim, senior associate Ingy ElKadi, associates Hayna Abdelrahim, Hala Mohamed and Malak Abou Senna, along with the support of counsel Mohamed ElFar and associate Mohamed El Barudy.

Hani Nassef commented on the acquisition, stating:

We are privileged to have advised the consortium in this pivotal acquisition of Tamweely. This transaction plays a crucial role in supporting the Egyptian government’s effort to enhance financial inclusion and empower the MSME sector, which is the backbone of the economy. By enabling greater access to finance, Tamweely’s growth will further drive entrepreneurship and innovation across Egypt.

Tamweely Microfinance

Established in 2017, Tamweely Microfinance has emerged as a leading player in the Egyptian non-bank financial services sector, offering financing and ancillary services dedicated to empowering micro, small and medium enterprises (MSMEs). With its commitment to bringing innovative and seamless financial services to Egypt’s unbanked and under-served customers, Tamweely has served more than 500k clients and disbursed more than EGP 17 billion since its inception and today operates a branch network of 230 branches and more than 3,950 loan officers, across 24 governorates.

The consortium will partner with CEO and Managing Director, Ahmed Khorched and Tamweely’s management on scaling up the company’s infrastructure, organization and operations and further expanding the company’s suite of products to serve Egypt’s unbanked and underserved populations.

About the acquisition

This acquisition highlights international confidence in Egypt’s non-banking financial sector, promoting financial inclusion by enabling Tamweely to expand its services to underserved populations. It also marks a strategic exit for government entities, aligning with Egypt’s policy to encourage private sector growth. With strong global backing, Tamweely is set for continued expansion, supporting MSMEs across the country. The transaction closing remains subject to regulatory approvals and the satisfaction of certain conditions agreed between the parties.


benedetta.miarelli@lcpublishinggroup.com

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