2024-11-15@19:43:02 GMT
إجمالي نتائج البحث: 24
«advisory on»:
EFG Hermes، an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA)، announced today that its investment banking division successfully concluded advisory on the fourth EGP 1.4 billion securitized bond issuance for Bedaya Mortgage Finance، one of EFG Finance’s non-bank financial institutions (NBFI). and Egypt’s first non-bank online mortgage provider. The issuance comes as the second in a wider EGP 3.0 billion program. The bond is backed by a receivables portfolio assigned to Capital for Securitization، a GB Capital company، as the issuance’s special purpose vehicle (SPV). The bond is comprised of four tranches with variable yields، structured as follows: Tranche A – Valued at EGP 63.7 million، with a 13-month tenor and a credit...
EFG Hermes acted as the sole financial advisor on the transaction، which is set to create a new powerhouse in the Saudi auto industry.Riyadh، July 21، 2024EFG Hermes، an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA)،announced today that its investment banking division successfully completed advisory for United International Transportation Company، or Budget Saudi’s USD 121 million acquisition of Al-Jazira Equipment Company، known as AutoWorld، a SEDCO Holding-owned vehicle leasing company.EFG Hermes was appointed as the sole financial advisor on the transaction by Budget Saudi.Budget Saudi is acquiring 100% of AutoWorld by issuing 7.0million new shares to its owner، SEDCO Holding، one of the leading Saudi family offices and institutional investors. The...
EFG Hermes، an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA) region، announced today that its Investment Banking Division successfully concluded advisory to UAE’s Electra Investment Holding on the USD 449 million acquisition of 19.98% in Elsewedy Electric، a regional leader in the production and provision of comprehensive energy and infrastructure solutions. EFG Hermes acted as the sole financial advisor to Electra Investment Holding in the acquisition.Electra successfully submitted its Voluntary Tender Offer to acquire up to 24.5% of Elsewedy Electric at a purchase price of USD 1.05 per share. This move successfully resulted in Electra securing 19.98% of Elsewedy Electric’s total outstanding share، marking another landmark acquisition that EFG Hermes has...
EFG Hermes Concludes Advisory on EFG Corp-Solutions’ First، EGP 433 Million Short-Term Note Issuance
EFG Hermes، an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA)، announced today the successful conclusion of a short-term note issuance، valued at EGP 433 million for a one-year term for EFG Corp-Solutions، a subsidiary of EFG Finance and an EFG Holding Company، and one of Egypt’s leading leasing and factoring companies. This transaction comes as the first of its kind for EFG Corp-Solutions. The recent issuance has not only been a success but has also attracted a diverse range of investors، including asset managers، insurance companies، and a corporate client. This broad appeal underscores the company’s robust market position، achieving full subscriptions without the involvement of local banks، and highlights the robust...
EFG Hermes، an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA)، announced today that its investment banking division successfully completed its advisory on the USD 11 billion fully marketed secondary public offering of Saudi Aramco، the world’s largest integrated energy and chemicals company and the national oil company of Saudi Arabia، on the Saudi Exchange. EFG Hermes acted as a Joint Bookrunner on the transaction، the region's largest fully marketed offering. Saudi Aramco offered a total of 0.64% of its total issued shares through the sale of 1.545 billion existing shares at SAR 27.25 per share. Ali Khalpey، Head of Equity Capital Markets at EFG Hermes’s Investment Banking division، commented، “This landmark transaction underscores our...
EFG Hermes was appointed as the Joint Global Coordinator and Joint Bookrunner for Beyout Investment Group’s Private Placement on Boursa Kuwait’s ‘Premier Market’ segment EFG Hermes، an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA)، announced today that its investment banking division successfully completed advisory on the USD 147 million (KWD 45 million) listing on Boursa Kuwait’s Premier Market through a private placement for Beyout Investment Group Holding Company K.S.C. (BIG)، the regional pioneer in providing comprehensive human resources and project lifecycle support complemented by real estate services. EFG Hermes UAE was appointed as Joint Global Coordinator and Joint Bookrunner for the listingBIG offered a total of 30% of its total issued share...
EFG Hermes، an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA)، announced today that its investment banking division successfully completed its advisory on the USD 150 million initial public offering (IPO) of Miahona، one of the first developers of water and wastewater infrastructure under the public-private partnership (PPP) in the Kingdom of Saudi Arabia and a leader in water cycle management، on the Saudi Exchange. EFG Hermes acted as the Joint Financial Advisor، Bookrunner، and Underwriter on the transaction. Miahona offered a total of 30% of its total issued share capital through the sale of 48،277،663 existing ordinary shares at SAR 11.5 per share، implying a market capitalization of SAR 1.845 billion...
EFG Hermes، an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA)، announced today that its investment banking division successfully completed its advisory on the USD 764 million initial public offering (IPO) of Fakeeh Care Group (FCG) (The Group)، one of Saudi Arabia’s premier integrated providers of high-quality healthcare، on the Saudi Exchange. EFG Hermes acted as a Joint Bookrunner and Underwriter on the transaction. Fakeeh Care Group offered a total of 21.47% of its total issued share capital through the sale of 30،000،000 new ordinary shares (representing 12.93%) and 19،800،000 current ordinary shares (representing 8.53%) at SAR 57.5 per share، implying a market capitalization of SAR 13.3 billion (USD 3.6 billion). The...
EFG Hermes، an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA)، announced today that its investment banking division has successfully closed the issuance of a senior unsecured short-term note for the Hermes Securities Brokerage Company (HSB)، a wholly owned subsidiary of EFG Holding، in an EGP 600 million transaction. This marks the fifth issuance for the company and the second in an approved two-year program worth EGP 2 billion. The national scale long-term senior unsecured entity rating of "BBB+" with a Stable Outlook and the short-term senior unsecured issuer rating of "P2" to HSB have been affirmed by the Middle East Ratings and Investor Services (MERIS). The 12-month bullet note will have...
EFG Hermes، an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA)، announced today that it concluded advisory on a EFG Hermes Successfully Concludes Advisory on the Demerger of Al Arafa for Investment and Consultancies S.A.E into Concrete Fashion Group for Commercial and Industrial Investments (Concrete) and Gtex for Commercial and Industrial Investments (Gtex).In a bold strategic move، the recent demerger aimed to carve out the essence of style and industry prowess، housed within Concrete، from the array of strategic investments held by Gtex. This pivotal decision was fueled by a collective vision to sharpen management focus on every facet of the business، empowering both entities to soar to new heights of performance. By fostering specialized management...
The IPO set a record for the most subscribed offering on the Dubai Financial Market، with an overall subscription of approximately 165 times.Dubai، March 21، 2024EFG Hermes، an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA)، announced today that its investment banking division successfully completed its advisory on the USD 428.7 million initial public offering (IPO) of Parkin، the largest provider of paid parking facilities and services in Dubai، on the Dubai Financial Market (DFM). EFG Hermes acted as a Joint Bookrunner on the transaction. Parkin offered a total of 24.99% of its total issued share capital through the sale of 749،700،000 existing shares at AED 2.10 per share، implying a market capitalization...
EFG Hermes، an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA)، announced today that it concluded advisory on a merger and acquisition (M&A) deal for Cenomi Retail، the largest franchise retailer in the Kingdom of Saudi Arabia. The retail giant has agreed to sell a select portfolio of brands to Abdullah Al-Othaim Fashion Company، a fully owned subsidiary of Abdullah Al-Othaim Investment Company. As part of the agreement، Cenomi Retail had reached a definitive share purchase agreement with Abdullah Al-Othaim Fashion Company for the acquisition of 100% of the share capital of Innovative Outfit Trading Company، a Cenomi Retail subsidiary holding the franchise rights for the 16 brands involved in the deal in December 2023، which closed...
EFG Hermes، EFG Holding’s Investment Bank، the leading investment bank in Frontier and Emerging Markets (FEM)، announced today that its Investment Banking division successfully concluded advisory on a merger and acquisition (M&A) deal for Kazyon، a prominent MENA-based discount retailer. In this transaction، Kazyon successfully acquired a 50% stake in Dukan، the sole discount retailer in Saudi Arabia، signaling its strategic entry into the Saudi market. Al Dabbagh Group، the existing shareholder of Dukan، will retain the remaining 50% stake in the company. EFG Hermes advised Kazyon on the acquisition of Dukan with White and Case acting as legal counsel.Commenting on the transaction، Karim Galal، Managing Director at EFG Hermes’ Investment Banking Division said، “We are proud to have played a pivotal...
The transaction comes as the Firm’s eighth advisory role on an IPO in the GCC region in 2023. EFG Hermes، the leading investment bank in Frontier and Emerging Markets (FEM)، announced today that its investment banking division successfully completed its advisory on the USD 315 million initial public offering (IPO) of Dubai Taxi Company (DTC)، a leading provider of comprehensive mobility solutions in Dubai، on the Dubai Financial Market (DFM). EFG Hermes acted as Joint Bookrunner on the transaction.DTC offered a total of 24.99% of its total issued share capital through the sale of 624،750،000 existing shares at AED 1.85 per share – implying a market capitalization of AED 4.6 billion (USD 1.26 billion). The IPO was met with a robust AED...
The acquisition is one of the flagship M&A deals in the state’s privatization program، which aims to attract FDIs and grow the private sector’s participation in the economy.Cairo، November 16، 2023EFG Hermes، the leading investment bank in Frontier and Emerging Markets (FEM)، announced today that it successfully concluded advisory to UAE investment firm Global Investment Holding Ltd on the USD 625 million transaction، which involves the acquisition of 30% in the Egyptian tobacco giant Eastern Company from Egypt’s state-owned Chemical Industries Holding Co. (CIHC) which was approved by the cabinet on the 3rd of September 2023. EFG Hermes acted as the sole financial advisor to Global Investment Holding Ltd in the acquisition. Maged El Ayouti، Managing Director and Deputy Head of...
The financing transaction، which will be directed to accelerate the construction of its flagship development، O West، is a continuation of a series of landmark advisory transactions successfully concluded for ODE over the past few years.Cairo، 5 November 2023 EFG Hermes، the leading investment bank franchise in Frontier and Emerging markets (FEM)، announced today that its investment banking division has successfully completed advisory for Orascom Development Egypt’s (ODE) subsidiary Orascom for Real Estate S.A.E (ORE) for a syndicated ten-year loan agreement of EGP 6.0 billion، to finance its leading project in Cairo - O West. EFG Hermes acted as the sole financial advisor، lead manager، and bookrunner for ORE. This transaction marks an important milestone in the development cycle of the O...
This transaction comes after EFG Hermes advised on Egypt’s first-ever future flow securitization issuance for CIRA Education in 2022.Cairo، November 1، 2023EFG Hermes، the leading investment bank franchise in Frontier and Emerging Markets (FEM)، announced today that it successfully closed the second issuance of a future flow securitized bond for CIRA Education، the largest integrated provider of educational services in the Egyptian private sector. The transaction، worth EGP 700 million، is the second issuance of an approved EGP 2.0 billion bond program and is backed by future revenues generated by the company.Mostafa Gad، Co-Head of Investment Banking at EFG Hermes، said، “We are delighted to have executed the second issuance of the future flow securitized bond for CIRA Education after successfully...
The transaction، which marks the Firm’s second IPO in Oman this year، contributes to Oman’s drive to list state-owned institutions and enriches the stock market.Muscat، October 24، 2023EFG Hermes، the leading investment bank franchise in Frontier and Emerging Markets (FEM)، announced today that its investment banking division successfully completed advisory on the USD 748 million initial public offering (IPO) of OQ Gas Networks (OQGN)، the exclusive operator of the gas transportation network in Oman، on the Muscat Stock Exchange (MSX). EFG Hermes acted as Joint Global Coordinator on the transaction.OQGN offered a total of 49% of its total issued share capital equivalent to 2،122،005،720 shares at the top end of the range، 140 Baizas per share – implying a market capitalization of...
EFG Hermes، the leading investment bank franchise in Frontier and Emerging Markets (FEM)، announced today that its investment banking division’s DCM team has successfully concluded advisory on the second issuance for mortgage finance company Qasatli worth EGP 159.2 million. The issuance comes as part of the wider EGP 6.5 billion securitization program that was approved in December 2020 for nine different originators: Amer Group’s four subsidiaries، four subsidiaries of Porto Group، and Qasatli.The issuance is structured as follows:Tranche A – valued at EGP 15.9 million with a tenor of 13 months and a credit rating of AA+ from Middle East Ratings and Investors Service (MERIS)Tranche B – valued at EGP 73.2 million with a tenor of 36 months and a credit rating...
The transaction marks the Firm’s second advisory role on an IPO on the Saudi Exchange this month، showcasing its dedication to the Kingdom’s burgeoning investment market.Riyadh، October 11، 2023EFG Hermes، the leading investment bank franchise in Frontier and Emerging Markets (FEM)، announced today that its investment banking division successfully completed advisory on the landmark SAR 4.572 billion (USD 1.219 billion) initial public offering (IPO) of ADES Holding Company (ADES)، a leading oil and gas drilling and production services provider in MENA، on the Saudi Exchange. EFG Hermes acted as Joint Financial Advisor، Global Coordinator، Bookrunner، and Underwriter on the transaction.ADES Holding Company offered a total of 30% of its total issued share capital through the sale of a mix of...
The IPO marks a significant milestone in Lumi Rental Company’s growth journey and showcases EFG Hermes' commitment to facilitating landmark transactions in the KingdomRiyadh، September 25، 2023EFG Hermes، the leading investment bank franchise in Frontier and Emerging Markets (FEM)، announced today that its investment banking division successfully completed advisory on the USD 290 million initial public offering (IPO) of Lumi Rental Company، one of the leading car rental and leasing companies in the Kingdom of Saudi Arabia. EFG Hermes acted as joint bookrunner on the IPO. Lumi Rental Company offered a total of 30% of its total issued share capital، equivalent to 16،500،000 shares، at SAR 66 per share، implying a market capitalization of SAR 3.63 billion. The IPO witnessed a...
EFG Hermes، the leading investment bank franchise in Frontier and Emerging Markets (FEM)، announced today the successful conclusion of EFG Holding’s wholly-owned subsidiary، EFG Corp-Solutions' third issuance of a securitization bond worth EGP 1.0 billion. This milestone marks a significant expansion of EFG Corp-Solutions' securitization program، which has now increased its value from EGP 3.0 billion to EGP 6.0 billion. The bond is backed by a receivables portfolio assigned to EFG Securitization as the issuance’s special purpose vehicle (SPV). The securitization bond is comprised of three tranches:Tranche A – Valued at EGP 15.2 million، with a 12-month bond tenor and a Prime 1 (sf) rating Tranche B – Valued at EGP 465.5 million، with a 36-month bond tenor and an A+ (sf)...
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