December 28, 2020

B Investments completes the Exit of 20% of its stake in Total Egypt for EGP 146 million

B Investments Holding is pleased to announce that it has entered into an agreement to sell 20% of its stake in Total Egypt to Total Outre-Mer for a total consideration of approximately EGP 146 million, in accordance with the exit terms pre-agreed with Total at the time of B Investments Holding investment in Total Egypt. […]

April 11, 2018

MNHD explores possible merger or acquisition with SODIC

MNHD wants to open talks on merger with, or acquisition of, SODIC: The board of directors of Madinet Nasr Housing & Development (MNHD) has given its chairman the go ahead to open talks.

March 26, 2018

B Investments retail tranche offering 84.4x oversubscribed

The retail tranche of B Investment’s initial public offering was 84.4x oversubscribed when bookbuilding concluded at the close of yesterday’s session.

October 3, 2017

BPE Partners and MTI acquire Bee

BPE Partners and MM Group for Industry and International Trade (MTI) have together acquired 60% of TBE Egypt for Payment Solutions and Services (Bee) for EGP 156 mn. The transaction was executed through Ebtikar for Financial Investment, a 50-50 joint venture between BPE Partners and MTI. Bee provides bill payment solutions through a secure network and has more than 35,000 outlets across Egypt.

September 20, 2017

BPE Partners appoint EFG Hermes and Sigma to manage listing on EGX

BPE Partners has appointed EFG Hermes and Sigma Capital to manage it’s planned listing on the EGX this year. The company plans to list 25-30% of its shares. Zaki Hashem & Partners are legal advisors on the transaction and Grant Thornton is preparing the fair value assessment.

August 27, 2017

Acumen-BPE to begin marketing new EGP 1 bn real estate fund in September

Acumen-BPE will begin marketing the Housing and Development Bank’s EGP 1 bn real estate fund in September once it receives the green light from the Egyptian Financial Supervisory Authority. The first EGP 500 mn phase of the fund is set to launch in 4Q2017.

August 8, 2017

Ibtikar for Investment Finance applies for financial services license

Ibtikar for Investment Finance, a partnership between BPE Partners and MM Group that provides SME finance and leasing, has applied for a license to launch micro-finance operations in Egypt. Ibtikar plans to begin offering factoring, leasing, and finance by the end of the year.

August 11, 2016

BPE Partners forms JV with Daikin to launch Daikin Egypt

BPE Partners has established a joint venture with Daikin, a Japanese multinational AC manufacturing company (Daikin Egypt), an investment valued at EGP 47 mn. Daikin Egypt will distribute and provide after-sales services for ACs, heating, ventilation, and cooling energy-saving equipment.