Matouk Bassiouny & Hennawy (“MBH”) has acted as legal counsel to Alta Semper Capital (“Alta Semper”), a frontier-markets private equity investor focused on consumer and healthcare opportunities, in increasing its investment in Macro Holding (“Macro”), the owner of Macro Pharmaceuticals, Egypt’s leading consumer healthcare company.
The decision to increase its stake follows Macro’s outstanding performance since Alta Semper’s initial investment in 2017, on which MBH also advised, and will further push Macro forward in developing its product offering, expanding regionally and tapping into complementary segments of the market. Alta Semper originally held a 60% stake in Macro, and following the transaction will hold an 80% stake.
In this transaction Macro is partnering with Alta Semper and the Alta Semper Co-Investor Consortium, comprised of IDI Emerging Markets, Mbuyu Capital Partners and Kingsway Capital.
The MBH team assisting on the transaction was led by Jean-Jérôme Khodara (Partner) and Ibrahim Badawy (Associate).