Deals & Cases

We have an exceptional track record in every sector and particular strengths in highly regulated industries; we advise on highly complex domestic and international commercial transactions.

Corporate & M&A

Recognized as a leading adviser on Corporate and M&A across the region we are able to combine exceptional transactional skills with specialist expertise and high efficiency ;all these factors enables us to handle complex issues that can arise in a single corporate transaction.

Recent Corporate and M&A Transactions include:

Representation of Amethis in connection with its significant minority investment in Tiba for Starch & Glucose, a leading Egyptian producer of rice-based specialty food ingredients, to support the company’s growth ambitions and strengthen its operational capabilities and long-term development locally and globally.
Representation of Admaius Capital Partners and the founders of Parkville Holding B.V. and its subsidiaries, one of Egypt’s leading cosmeceutical businesses, in connection with the signing of definitive transaction documentation for the sale of a majority stake to Adenia Partners, resulting in the successful full exit of Admaius Capital Partners.
Representation of Qatari Diar, a leading real estate investment company wholly owned by the Qatar Investment Authority, in connection with a USD 29.7 billion investment for a strategic partnership with the New Urban Communities Authority (“NUCA”).
Representation of Alameda Healthcare in connection with a landmark USD 190 million investment by Development Partners International.
Representation of AfricInvest in connection with its acquisition of a minority stake in Arrow Holding, a leading HR-technology and staffing group. Triquera B.V.
Representation of Triquera B.V. – the majority shareholder of Minapharm Pharmaceuticals – in connection with the subscription of a minority stake by Admaius Capital Partners – an Africa-focused private equity investor. Transaction value confidential.
Representation of Salamtak Holding Limited in connection with the sale of its 98.8% stake in ADVA, a leading Egyptian consumer finance platform, to Maseera Holding for Financial Investments.
Representation of El Abd for Investment Manufacturing and Sweet Trading in connection with the acquisition by Tanmiya Capital Ventures Fund II of a 20.9% stake in the company.
Representation of Emaar Misr for Developments “Emaar Misr” in connection with its 100% acquisition of Albro North Coast for Property Management S.A.E. “Albro North Coast” through a share swap. Transaction value EGP 9.82 billion.
Representation of Beltone Holding in connection with its 100% acquisition of SODIC for Securitization Company.
Representation of the Saudi Public Investment Fund, through Afaq Al Elm Investments Company, in connection with Social Impact Capital’s acquisition of an additional 37.5% stake in CIRA Education through a mandatory tender offer, increasing its stake from 51.2% to 88.7%.
Representation of Raseedi in connection with its 100% acquisition of Kashat – the first Nano lending mobile application in Egypt, along with its subsidiary Pharos Microfinance – a nano-financial services provider – where the transaction documents were negotiated in the.
Representation of Africa50 in connection with its acquisition of a 42.9% stake in Raya Data Center S.A.E. – a subsidiary of EGX-listed Raya Holding for Financial Investments S.A.E. – Transaction value USD 15 million.
Representation of MNT-Halan in connection with its 100% acquisition of Tam Finans – a market-leading finance company in Turkey – with a loan book exceeding USD 300 million from Actera Group – the country’s leading private equity firm – and the European Bank for Reconstruction and Development. Transaction value confidential.
Representation of ADQ in connection with its USD 35 billion acquisition of the development rights for Ras El-Hekma and the associated investment structure.
Representation of Noatum Maritime – a leading multinational group in transport and logistics services – in connection with its acquisition of a majority stake in Safina B.V. which owns Safina Shipping Services S.A.E. Transaction value confidential.
Representation of Otsuka Holdings in connection with its acquisition of CIB’s 12% equity stake in Egypt Otsuka Pharmaceuticals.
Representation of Valstar Investment as the international legal counsel in connection with the sale of the entire stake in Luxembourg-based Valstar S.A. “Valstar”, as well as in Kemipharm S.A. “Kemipharm”, a tablet and capsule manufacturer located in Morocco to Sun Pharma for approx. USD 31 million.
Representation of Admaius Capital Partners in connection with its acquisition of a significant minority stake in Parkville Holding B.V. and its healthcare and cosmeceutical subsidiaries.
Representation of GECAS in connection with the transfer of title of one Boeing 777-3000ER aircraft on lease to EgyptAir.
Representation of Ezdehar acting as lead transactional counsel in connection with their acquisition of a significant minority stake in Yodawy and extension to their Series B transaction. Transaction value confidential.
Representation of Ezdehar Management in connection with its acquisition of a majority stake of approximately 80% in SETA Textiles S.A.E. Transaction value confidential ZCP.
Representation of ZCP – an investment firm backed by the Sawiris family – in connection with its investment in Solva Group and its subsidiaries. Transaction value USD 20 million. Toma Company.
Representation of Actis and Mainstream Renewable Power in connection with the USD 1.5 billion sale of 100% of Lekela Power to Infinity Power and Masdar.
Representation of MNT in connection with Chimera’s investment in MNT – through a 20% equity exchange for USD 200+ million. Which would lead to a valuation exceeding USD 1 billion. Transaction value: exceeds USD 200 million.
Representation of Abu Dhabi National Oil Company for Distribution PJSC “ADNOC Distribution” in connection with the acquisition of a 50% stake in TotalEnergies Marketing Egypt LLC “TTE”. Transaction value: confidential.
Representation of The National Service Projects Authority “NSPO” and Qalaa in connection with NSPO’s acquisition of 20% of the shares of Taqa Arabia, to buy 270,470,760 shares. Transaction value: EGP 1.629 billion.
Representation of Gulf Capital in connection with the acquisition of a minority stake in Middle East Glass – a listed company on the EGX – through a mandatory tender offer and a capital increase. Transaction value: EGP 350 million.
Representation of AD Ports Group in connection with its acquisition of a 70% equity stake in International Associated Cargo Carrier B.V., owner of Transmar International Shipping Company and Transcargo International S.A.E., for USD 140 million.
Representation of British International Investment in connection with its USD 1.7 billion acquisition and joint venture with DP World for a long-term investment concerning Sokhna Port.

Capital Markets

Initial Public Offerings and Equity Capital Markets

Representation of Bonyan for Development and Trade (BONYAN) in connection with its EGP 1.8 billion IPO and listing on the Egyptian Exchange (EGX) under the ticker BONY.CA, with the offering.
Representation of Act Financial in connection with its EGP 1.04 billion IPO, achieving strong oversubscription.
Representation of Taaleem Management Services Company – one of CI Capital Holding Investments’ ventures – in connection with its initial public and private offering of up to 49% of its capital shares. Transaction value: EGP 2.1 billion, with a total of 3 billion shares sold.
Representation of Sarwa Capital in connection with an international public offering intended to finance a capital increase and partial exit of some of its major shareholders. Transaction value is approximately EGP 2 billion.
Representation of 48.99% of the company’s outstanding share capital. Transaction value: over EGP 800 million.
Representation of CI Capital the issuer in connection with a capital increase following the IPO and listing the new shares at MCDR and EGX.
Representation of DICE ‐ a leading Egyptian manufacturer of sports, casual wear and ready‐made garments ‐ in connection with a primary offering of up to 62.35% of its outstanding share capital listed on EGX, valued at EGP 25 million.
Representation of Obour Land for Food Industries as sole local counsel in connection with its IPO for a total valuation of EGP 774 million.
Representation of the underwriter in connection with the IPO of Cleopatra hospital, for a total valuation of EGP 500 million.
Representation of Edita Food Industries S.A.E. in connection with its IPO for a total valuation of EGP 2,012,882,047.
Representation of Porto Group Holding S.A.E. in connection with its demerger from Amer Group and its public offering for a total valuation of EGP 3 billion.
Representation of Edita Food Industries S.A.E. in connection with its IPO, with a total valuation exceeding EGP 2 billion.
Representation of Emaar Misr in connection with its IPO for a total valuation of EGP 2.2 billion.
Representation of Integrated Diagnostics Holdings plc – the largest fully integrated private sector diagnostics services provider in Egypt – as local issuer’s counsel in connection with its IPO, which raised USD 290 million.
Representation of Arabian Cement Company, as well as EFG‐ Hermes and CI Capital as Joint Global Coordinators, along with Norton Rose Fullbright, in connection with the first IPO since the 2011 revolution, for a total valuation of EGP 766 million.
Representation of Arafa Holding and EFG‐Hermes – the sole global coordinator and book‐runner – in connection with the IPO of Arafa Holding for a total valuation of USD 91 million.
Representation of GB Auto and Beltone Investment Banking – the global coordinator, lead manager and sole book‐runner – in connection with the IPO of GB Auto for a total valuation of USD 227,231,598.
Representation of EFG‐Hermes, acting together with HSBC as joint global coordinators and book‐runners, in connection with the IPO of Talaat Mostafa Group Holding. Transaction value: USD 823,000,000.
Representation of EFG‐Hermes, acting together with Goldman Sachs as joint global coordinators and book‐runners, in connection with the IPO of Palm Hills Developments. Transaction value: USD 343,000,000.
Representation of EFG‐Hermes – global coordinator and book‐ runner – in connection with the IPO of Juhayna for a total valuation of USD 206,000,000.

Public Takeovers and Tender Offers

Representation of Toma Company for Commercial and Industrial Investments “Toma Company” in connection with its MTO on 90% of the total shares of Dice Readymade Clothes Company LLC “Dice”. Transaction value: EGP 435 million.
Representation of National Paints Holding Limited in connection with a mandatory tender offer of 81% acquisition of the total share capital of Paints and Chemical Industries – Pachin S.A.E. Transaction value: EGP 770 million. Chimpe 1 Investment.
Representation of Chimpe 1 Investment SPV RSC LTD – an entity affiliated with Chimera Investment LLC – in connection with the MTO of a majority stake (56%) in Beltone Financial Holding SAE. Transaction value: EGP 384.8 million.
Representation of Expedition Investment Consortium in connection with the mandatory tender offer of a minority stake (32.9%) in Domty. Acquiring 97% of the offered shares. Transaction value: confidential. National Printing Company.
Representation of National Printing in connection with issuing a mandatory tender offer for 100% of the total share capital Dar El Shorouk and delisting of its shares from EGX. Transaction value EGP 975 million. (2021).
Representation of Abu Dhabi Developmental Holding Company (ADQ) in connection with issuing a mandatory tender offer for 100% of the total share capital of Amoun Pharmaceuticals. Transaction value: USD 740 million.
Representation of PolyServe for fertilizers and chemicals company in connection with issuing a mandatory tender offer of 17550000 shares, which represent 100% of the total share capital of Ferchem Masr for fertilizers company. Transaction value: EGP 110 million.
Representation of Gulf Capital in connection with the acquisition of a minority stake in Middle East Glass – a listed company on the EGX – through a mandatory tender offer and a capital increase. Transaction value: EGP 350 million.
Representation of Abraaj Capital in connection with a mandatory tender offer for a minority stake in Cairo for Investment & Real Estate Development S.A.E.
Representation of Triquera B.V. in connection with the acquisition of a minority stake in MinaPharm Pharmaceuticals – a listed company on the EGX – through a mandatory tender offer.
Representation of Arla Foods in connection with the attempted acquisition of Arab Dairy – a listed company on the EGX – through a mandatory tender offer.
Representation of EFG‐Hermes in connection with a hostile takeover of their shares.
Representation of France Telecom in connection with the various tender offers submitted to the Egyptian Financial Supervisory Authority (EFSA) concerning Mobinil, and also on the subsequent settlement reached with Orascom Telecom Holding.
Representation of AB Electrolux in connection with the memorandum of understanding concluded with the majority shareholders of Olympic Group – a company listed on EGX – concerning the acquisition of a majority stake in Olympic Group, laying the foundations for the structure of this complex transaction involving several tender offers. United for Industrial Development LLC.
Representation of United for Industrial Development LLC in connection with a mandatory tender offer for acquiring up to 100% of the issued shares in Misr National Steel “ATAQA”. The deal closed successfully with the purchase of 97% of the share capital of ATAQA. Transaction value: EGP 330 million. Baskindale Limited.
Representation of Baskindale Limited – a wholly owned subsidiary of Altimo Holdings & Investments Limited – in connection with the acquisition of all outstanding shares of Orascom Telecom Holding, including shares.
Representation of El Garhy Steel in connection with a mandatory tender offer and capital increase. Transaction value: EGP 330 million.
Representation of Tana Capital – an Africa-focused investment company – in connection with its acquisition of Mabaret AlAsfara hospitals in Alexandria. Transaction value: USD 18 million. (2020).
Representation of Social Impact Capital in connection with the acquisition of an additional 37.5% stake in CIRA Education through a mandatory tender offer, increasing its stake to 88.7%.
Representation of Cairo 3A in connection with the public takeover of the National Company for Maize Products, valued at EGP 1.74 billion.

Project Finance

Power

Representation of TSFE Infrastructure & Utilities Sub Fund and relevant state stakeholders in connection with a framework agreement with ACWA Power to develop a project worth more than USD 4 billion comprising renewable energy power plants and green hydrogen and green ammonia facilities.
Representation of TSFE Infrastructure & Utilities Sub Fund and relevant state stakeholders in connection with a framework agreement with C2X LTD for renewable energy power plants and green hydrogen and green methanol facilities.
Representation of Red Sea Wind Energy S.A.E. a consortium comprising ENGIE (35%), Orascom Construction PLC (25%), Toyota Tsusho Corporation (20%), and Eurus Energy Holdings Corporation (20%) in connection with a financing arrangement with a total amount of approximately USD 100 million to expand the original wind energy project located in Ras Ghareb by up to 150 MW, bringing the total capacity of the wind farm to 650 MW.
Representation of Red Sea Wind Energy S.A.E. in connection with the development, design, construction, financing, operation and maintenance of a 500 MW wind power plant in the Gulf of Suez.
Representation of Lekela Power in connection with the design, development, construction, testing, commissioning, operation and maintenance of a 252 MW wind power plant in the Gulf of Suez.
Representation of TSFE Infrastructure & Utilities Sub Fund and other state sponsors in connection with framework agreements with nine developers for renewable energy and green hydrogen/ammonia facilities with an aggregate anticipated investment of approximately USD 83 billion.
Representation of Nuclear Power Plants Authority (NPPA) in connection with the construction of Al Dabaa nuclear power plant.
Representation of Shapoorji Pallonji Energy Egypt S.A.E. – a subsidiary of the Indian engineering and infrastructure company SP Group – in connection with the design, construction, operation, and maintenance of a turnkey solar PV project with a nominal capacity of 50 MW, located in Benban, Egypt.
Representation of Actis and Lekela Power in connection with a 250 MW wind energy project in the Gulf of Suez, including tender and project documentation matters.
Representation of Actis in connection with the tender for a 200MW solar PV BOO project located in Kom Ombo.

Oil, Gas & Mining

Representation of Abu Dhabi National Oil Company for Distribution PJSC “ADNOC Distribution” in connection with the acquisition of a 50% stake in TotalEnergies Marketing Egypt LLC “TTE”. Transaction value: confidential.
Representation of Mubadala Petroleum in connection with the acquisition of 10% stake in the Shorouk concession in Egypt’s Zohr gas field. Transaction value: USD 934 million. (2018).
Representation of National Energy Services Reunited Corp in connection with its acquisition of Sahara Petroleum Company S.A.E. Transaction value: approx. USD 50 million. (2020).
Representation of Pharos Energy Plc in connection with its acquisition of a 100% stake in Merlon Petroleum El Fayum Company. Transaction value: USD 215 million.
Representation of IPR Energy in connection with its acquisition of Dana Gas concessions in El Manzala, West El Manzala, West El Qantara and North El Salhiya. Transaction value: approximately USD 236 million.
Representation of Neptune Energy Group in connection with its acquisition of a majority shareholding in ENGIE’s E&P business. Transaction value: USD 3.9 billion.
Representation of Upstream Projects Pte. Ltd. in connection with its acquisition of a 30% participating interest in the Shorouk concession (Zohr) from IEOC Production B.V. Transaction value: USD 1.1 billion.
Representation of Polyserve Group in connection with the development of a phosphate chemicals project in the Sokhna Industrial Zone, including the establishment of a joint venture and a phosphate ore-to-fertiliser complex.
Representation of Alexander Nubia Inc. – a Canadian mining company – in connection with negotiations with the Egyptian Mineral Resources Authority with regard to the company’s two concessions for exploration of gold and associated minerals (Abu Mawarat and Al Fatiri Gold concessions).
Representation of Lotus Gold in connection with its gold exploration activities in Egypt’s Western Desert, including tendering, licensing, regulatory approvals and the incorporation of an Egyptian legal entity to conduct the exploration operations.

Infrastructure

Representation of the International Finance Corporation (IFC) in connection with its assistance to the Egyptian Ministry of Finance’s PPP unit project to develop the Abo Tartour Port under a PPP scheme.
Representation of a syndicate of banks in connection with financing of up to EGP 5 billion and the EGP equivalent of USD 6.3 million for Egypt’s first rolling stock plant in the Suez Canal Economic Zone.
Representation of AD Ports in connection with the negotiation of Safaga port concession agreement as well as Memoranda of Understanding and Heads of Terms for future developments in East Port Said, Sokhna, Hurghada and Sharm El Sheikh, which are anticipated to include uses for RoRo, cruise and multipurpose.
Representation of the sponsors in connection with the negotiation of a concession agreement for the construction and development of a structure, use, management, operation, exploitation, maintenance, and transfer of a container terminal, as well as the related finance documents.
Representation of Deutsche Bahn International Operations and Elsewedy Electric in connection with the 15-year operation and maintenance agreement for Egypt’s first electric high-speed rail network.
Representation of CMA CGM’s CMA Terminals Holding in connection with terminal service and operating agreements for Alexandria Port’s Trans Misr Terminal.
Representation of the International Finance Corporation in connection with its assistance to the Egyptian Ministry of Finance PPP Unit for development of Abu Tartour Port under a PPP scheme.
Representation of Damietta International Ports Company S.A.E. (DIPCO) – a consortium of regional and international companies – in connection with its concession of designing, building, financing and operating the Damietta Port Terminal in the Damietta Governorate in Egypt.
Representation of Aqualia Infrastructuras, as a consortium member of the winning consortium Orasqualia for the New Cairo Wastewater project in connection with the first PPP to reach financial close in Egypt.
Representation of Aqualia in connection with the Engineering, Procurement and Construction of El Alamein 150,000 cm.d Seawater Reverse Osmosis Desalination Plant.

Finance

Representation of the European Bank for Reconstruction and Development (EBRD) in connection with a financing package of up to EUR 25 million extended to Arabian Cement Company (ACC). The financing supports ACC’s decarbonization initiatives through alternative fuel capacity, automation and industrial upgrades, and the introduction of an energy-efficient hydrogen injection system to reduce emissions and fossil fuel consumption.
Representation of FABMisr, acting as IMLA, Bookrunner, Facility Agent, Account Bank and Security Agent, together with a syndicate comprising Abu Dhabi Commercial Bank, Al Baraka Bank Egypt, Arab Bank and Emirates NBD, in connection with an EGP 4.2 billion syndicated facility extended to Redcon Properties to partially finance the investment cost of its Golden Gate Project.
Representation of Banque Misr in connection with extending medium-term financing of up to EGP 2.6 billion to Hyde Park Real Estate Development S.A.E. The financing is intended to cover part of the estimated investment cost for the establishment and development of the Hyde Park North Coast project, located along Egypt’s western North Coast.
Representation of a syndicate of four banks led by Commercial International Bank (CIB), including the National Bank of Egypt, Abu Dhabi Commercial Bank and Al Baraka Bank, in connection with syndicated financing of up to EGP 7 billion granted to Ora Egypt. The financing aims to cover a portion of the investment costs of the Zed East project, a large-scale urban development in New Cairo.
Representation of Palm for Urban Development and Palm Hills Developments in connection with syndicated long-term financing of up to EGP 10.3 billion granted by a syndicate comprising Banque Misr, National Bank of Egypt, Banque du Caire, Emirates NBD, Al Ahli Bank of Kuwait – Egypt, Al Baraka Bank Egypt and Industrial Development Bank to accelerate the development of Badya City in Western Cairo.
Representation of the lenders, comprising Banque Saudi Fransi, HSBC Corporate Trustee Company (UK) Limited, Wilmington Trust (London) Limited and Commercial Bank of Dubai PSC, in connection with financing of USD 1.154 billion and SAR 6.921 billion to ADES group obligors. Our scope included reviewing the finance documents from an Egyptian law perspective and preparing the relevant security documents and conditions precedent.
Representation of Hassan Allam Construction and a number of its affiliates within Hassan Allam Holding in connection with a USD 200 million facility granted by the African Export-Import Bank (Afreximbank).
Representation of Maridive in connection with the restructuring of USD 219,370,176 in Islamic and conventional facilities provided by a syndicate comprising Abu Dhabi Islamic Bank, Arab African International Bank, Arab International Bank (Cairo), Mashreq Bank, Industrial Development Bank and Sharjah Islamic Bank, as well as the European Bank for Reconstruction and Development (EBRD).
Representation of Export Development Canada in connection with the USD 575 million financing of Egyptian National Railways (ENR) in its transaction with General Electric to procure and rehabilitate 181 locomotives of its fleet.
Representation of J.P. Morgan PLC, National Bank of Egypt and a bank syndicate in connection with granting Petroleum Export Limited IV a USD 1.5 billion Bridge Facility and a USD 2 billion facility to finance the purchase of crude oil from EGPC.

Dispute Resolution

Representation of a major investor in an ICC arbitration against an Arab state concerning a construction project, with claims exceeding USD 2.8 billion.
Representation of major investor in a real estate CRCICA arbitration with value exceeding EGP 1.9 billion.
Representation of Union Fenosa Gas in connection with the annulment proceedings initiated by the Arab Republic of Egypt against the ICSID award that was rendered in favor of Union Fenosa Gas on 31 August 2018. UFG is.
Representation of Orascom Construction Industries in connection with a high-profile enforcement matter of an arbitral award worth EGP 2.1 billion, against a giant real estate developer, i.e., Golden Pyramids Plaza.
Representation of Orascom Construction Industries in a complex EGP 7 billion tax dispute, securing a final judgment in the client’s favor.
Representation of a major Egyptian regional telecoms holding company in connection with blocking the enforcement of a foreign arbitral award relating to a material share transfer dispute and concluding a major commercial dispute settlement in favor of the client.
Representation of Etisalat Misr in obtaining and enforcing a favorable arbitral award through a global settlement involving the NTRA, resulting in payment of approximately EGP 600 million, and in successfully resisting enforcement of a separate EGP 500 million award.
Representation of a leading construction company in connection with the enforcement of an arbitral award of USD 60 million against a leading Real Estate and Touristic Projects Developer in Egypt, involving enforcement against Trademarks.
Representation of Biotronik in connection with the enforcement of an arbitral award of USD 1.2 million in Egypt.
Representation of a major Japanese automotive manufacturer in connection with defending the client against claims in Egyptian courts exceeding USD 1 billion in complex cross-border litigation.
Representation of Skoda Auto in a USD 225 million dispute concerning termination of a distributorship, including proceedings before Egyptian courts and consumer protection and competition authorities.
Representation of Etisalat Misr in connection with obtaining an appellate judgment in favor of our client. The judgment upholds the first instance judgment and rejects Telecom Egypt’s claim of EGP 380 million in connection with an alleged bypassing of international calls.
Representation of Airbus before Egyptian courts in connection with claims arising from two complex airline accidents, successfully blocking compensation claims and securing an appellate judgment upholding the first-instance ruling.
Representation of a major British International shoe manufacturer and retailer before the Egyptian Court of Cassation in connection with successfully blocking claims exceeding GBP 30 million in a complex litigation relating to commercial agency/distribution relationships in Egypt.
Representation of Amoun Pharmaceuticals Company in connection with obtaining a favorable judgment blocking Future Pharma’s claim of EGP 50 million as compensation for an alleged unjustified termination of its commercial relationship with Amoun.
Representation of a leading private equity firm in connection with obtaining a favorable judgment from the Labor Court against a former senior employee dismissing the latter’s claims of USD 8.9 million.
Representation of a global oil and gas industry leader in CRCICA arbitration concerning a drilling contract, securing a settlement under which the client received 100% of its dues exceeding EGP 80 million and reimbursement of arbitration fees.
Representation of a leading offshore maritime and oil support services company in interconnected maritime disputes, successfully negotiating a favorable EGP 14 million settlement.
Representation of Sony Pictures in a complex debt recovery matter resulting in a successful multimillion-dollar recovery and a landmark trademark enforcement action.
Representation of Demerjian in a USD 6 million dispute against a manufacturer of iron and building materials, securing two favorable judgments and enforcement orders.