EFG Hermes concludes advisory on USD 52 million IPO of the Oman-based Dhofar Generating Company on the Muscat Securities Market.
Strong contributions from the Group’s buy-side activities and NBFIs saw revenues hit the EGP 1.0 billion mark for the quarter.
The transaction is the largest internationally marketed equity offering out of Kuwait since 2012 – and marks EFG Hermes’ third consecutive ECM transaction in under two months.
EFG Hermes concludes advisory to one of the world’s largest international microfinance institutions on its GBP 125 mn IPO on the London Stock Exchange.
EFG Hermes has signed sale and purchase agreements to acquire leading Nigerian brokerage and research house, Primera Africa, shortly after receiving its FCA license to operate in the UK.
EFG Hermes continues its leading position globally, with exceptional performance across all geographies in which it operates and covers, consistently leading some of the world’s most prestigious research surveys.
EFG Hermes’ Private Equity Division’s K-12 education vehicle entered into definite agreements with TMG to acquire a portfolio of schools in an EGP1 billion investment. As part of a strategic alliance to develop and operate new national and international schools in the cities of Madinaty and Al Rehab in Egypt, GEMS Education will take over the exclusive operatorship and management of the schools.
With Orascom Construction’s contribution, the project will benefit from an additional EGP 15 million increase in budget; with a focus on upgrading infrastructure, providing educational opportunities, economic empowerment and job creation for the residents of Naga’ El Fawal and El Deir Village in Luxor, Upper Egypt.
The new platform will aim to establish a sizeable portfolio of private national and international schools across key cities in Egypt over the next five years via mix of acquisitions, brownfield and greenfield investments, which will be exclusively operated by GEMS Education, one of the world’s leading providers of private English language education for kindergarten to twelfth grade students.
Driven by strong growth in the non-bank financial platform, the expansion into new geographies and products as well as the buy-side platform’s solid performance.
We use cookies to collect information about how you use our website. And we use the information derived from such cookies to ensure the functionality of our website and to enhance our services.
