Matouk Bassiouny & Hennawy (“MBH”) acted as legal counsel to Ezdehar Management (“Ezdehar”), an Egypt-based private equity firm, in its minority stake acquisition of Al-Tayseer Healthcare Group (“THG”), an Egyptian healthcare investment platform, via Ezdehar Egypt Mid-Cap Fund (“Ezdehar Fund”), a fund comprised of contributions from international institutions including the European Bank for Reconstruction and Development, the European Investment Bank, CDC Group and the Dutch Development Bank FMO.
Ezdehar is partnering with THG in order to aid THG in consolidating its position as the largest healthcare provider in the Delta region, investing in a number of hospitals in the pipeline, and expanding its chain of laboratories in the years to come.
The MBH team assisting on the transaction was led by Nevine Aboualam (Partner) and included Areej El Hammouri (Senior Associate), Khaled Ghanem (Senior Associate), Maha El Meihy (Senior Associate) and Fatma Akram (Junior Associate). Nevine Aboualam says, “How pleased we are to have assisted on a transaction that will advance Egyptian healthcare in a very crucial moment”.
MBH served as legal counsel to Ezdehar. Al Tamimi & Company served as legal counsel to THG, and KAMCO Investment Company served as THG’s financial advisor and the Dutch VCL provided their legal advice to Ezdehar.
The MBH team would like to take the opportunity to thank and congratulate our colleagues at Ezdehar: Mr. Emad Barsoum (Managing Director), Mr. Amir Mishriky (Managing Director), and Ms. Laila Hosny (Senior Associate), who have exerted their best efforts for leading such transaction into light despite the COVID surrounding circumstances.