09/15/2021 | Press release | Distributed by Public on 09/15/2021 07:04
The cross-border M&A transaction capitalizes on the Firm's established relationship with Agthia, highlighting the team's ability to identify and capture growth opportunities for longstanding clients
Abu Dhabi, 15 September 2021
EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), announced today that its Investment Banking division successfully concluded advisory on UAE-based Agthia Group's acquisition of a majority stake in Egyptian processed meat producer Ismailia Investments (Atyab).
Mohamed Abou Samra, Managing Director at the Investment Banking division of EFG Hermes commented on the transaction: 'We are delighted to once again partner with Agthia to support their ambitious regional growth and portfolio expansion strategy. We take pride in our unwavering commitment to clients and ability to provide best-in-class advisory services tailored to their individual requirements, which allows us to support the timely execution of M&A transactions. This has helped us build long-term relationships with key clients such as Agthia and conclude significant transactions across multiple jurisdictions. Today, we have a solid pipeline of deals secured in the GCC, where we expect deal flow to ramp-up in the year ahead.'
Established in the UAE in 2004 and listed on the Abu Dhabi Securities Exchange (ADX), Agthia Group is a leading Abu Dhabi based food and beverage company. Through Senaat, Agthia Group PJSC is part of ADQ, one of the region's largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi's diversified economy. It specializes in manufacturing, distributing and marketing various products including water, snacking, grocery, processed protein, flour and feed. The Company's assets are located in the UAE, Saudi Arabia, Kuwait, Oman, Egypt, Turkey and Jordan.
Atyab has a portfolio of four brands - Atyab, Meatland, Shiketita, and Furat - catering to the value, economy, and premium segments of Egypt, the region's largest consumer market. It has an impressive processing capacity of around 70,000 tons per year through its facilities and production lines, including a 60,000 sqm manufacturing facility.
The transaction saw Agthia acquire a majority stake of 75.02% in Atyab. Founder Attito Raslan will retain a stake in Atyab and continue to grow the business by leveraging Agthia's financial strength, regional reach, and industry expertise.
About EFG Hermes
With a current footprint spanning thirteen countries across four continents, EFG Hermes started in Egypt and has grown over 35 years of success to become a leading financial services corporation with access to emerging and frontier markets. Drawing on our proven track-record and a team of more than 5,500 talented employees, we provide a wide spectrum of financial services that include investment banking, asset management, securities brokerage, research and private equity to the entire MENA region.
In 2015, EFG Hermes launched the NBFI Platform, EFG Hermes Finance, which overlooks activities in the non-banking finance field through CorpSolutions, Tanmeyah Microfinance, and valU for installment sale services. This falls in line with the Firm's strategy to focus on two main pillars: product diversification and geographic expansion into non-MENA markets, which has seen the firm establish a physical presence in Pakistan, Kenya, Bangladesh, Nigeria, Vietnam, the United Kingdom and the United States.
For further information, please contact:
EFG Hermes Media
May El Gammal Group Head of Marketing & Communications
Note on Forward-Looking Statements
In this press release, EFG Hermes may make forward looking statements, including, for example, statements about management's expectations, strategic objectives, growth opportunities and business prospects. These forward-looking statements are not historical facts but instead represent only EFG Hermes' belief regarding future events, many of which, by their nature are inherently uncertain and are beyond management's control and include among others, financial market volatility; actions and initiatives taken by current and potential competitors; general economic conditions and the effect of current, pending and future legislation, regulations and regulatory actions. Accordingly, the readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made.