Tags : Farida Banany

Banking & Finance Deal & transactions Egypt

Chimera Investment acquires 45% stake of GB Lease  

Chimera Investment has acquired 45% of GB Lease, a subsidiary of GB Auto, for EGP 855 million. This transaction comes as the latest episode in a series of investments made by Chimera in the non-banking financial services sector in Egypt and shows its confidence in the Egyptian market and the high prospects of this developing sector of the Egyptian economy.  Adsero – Ragy […]

Deal & transactions Egypt TMT

Adsero advises TSFE on the launching of Erada Microfinance 

The Sovereign Fund of Egypt (“TSFE”) has established a Joint Venture with Etisalat Egypt by e& to launch the new company Erada Microfinance with the goal of providing access to a wide range of financial services to micro and small enterprises.    The partnership is in line with Egypt’s Vision 2030 of supporting financial inclusion and creating opportunities for the youth through providing innovative […]

Deal & transactions Egypt

Adsero advises on the acquisition of Selah El Telmeez 

The Sovereign Fund of Egypt (“TSFE”) and education management firm Egypt Education Platform (“EEP”) have successfully entered into a joint acquisition of an undisclosed majority stake in the educational publishing entity Selah El Telmeez (“SET”).   The investment, that is aimed to help Selah El Telmeez in its digital expansion and market share, is part of TSFE’s education investment strategy aimed at collaborating […]

Deal & transactions E-Commerce Egypt

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 […]

Banking & Finance Deal & transactions Egypt

Adsero advises Valu on its acquisition of Paynas

Valu, a buy-now-pay-later (“BNPL”) lifestyle enabling fintech platform and a subsidiary of EFG Hermes Holding, has successfully acquired Paynas, a FinTech and digital HR platform.  The transaction falls in line with Valu’s strategy to grow the business and enhance its tech power and allows it to reach Paynas’s extensive base of micro, small, and medium enterprises.  […]