Matouk Bassiouny & Hennawy has advised Turin Egypt and its investors (SPE Capital-managed fund SPE PEF III, the European Bank for Reconstruction and Development (EBRD), Tanmiya Capital Ventures, and British International Investment (BII)) on the sale of 100% of the share capital of Tamweely Financial Services S.A.E. to e-finance for Digital and Financial Investments S.A.E., an EGX-listed company.
The transaction was valued at approximately EGP 4.8 billion in upfront consideration, comprising 146.1 million newly issued e-finance shares and EGP 956.4 million in cash.
The transaction represents one of the largest exits to date in Egypt's non-banking financial services sector, bringing together one of Egypt's leading digital financial infrastructure platforms and one of its fastest-growing MSME lenders.
Tamer El Hennawy, Partner and Co-Head of Capital Markets and Corporate and M&A, said: "We were pleased to support our client and its institutional investors on this complex transaction, which brought together multiple sellers and required careful coordination across M&A and capital markets considerations."
The Matouk Bassiouny & Hennawy team was led by Tamer El Hennawy and Hazem El Guindi, Partner, with Senior Associate Shaimaa El Fahmy and Associate Dior Assaf.