Kamco Invest acted as the exclusive selling advisor and exclusive financial advisor in the process of selling a majority stake in Global Corp for Financial Services (Global Corp), a non-bank financial services company in the Arab Republic of Egypt.
The deal marked the complete exit of Ezdehar Misr Fund and Sanad Fund from their stakes in the company, and Hatem Samir, founder, managing director and CEO of Global Corp, will continue to lead the company toward a new round of business growth alongside new investors.
Global Corp., established in 2015, is a non-bank financial institution in the Arab Republic of Egypt focusing on financial leasing and factoring solutions for institutions as well as small and medium businesses.
Global Corp. has been transformed into a fully fledged non-bank financial institution by acquiring a license to engage in consumer finance. Funded assets include production lines, equipment, machinery, vehicles, and commercial and industrial real estate, with a product portfolio covering a number of short-term financing solutions.
Since its inception, Global Corp. has provided financing worth $715 million for more than 800 financing lease and factoring contracts covering more than 30 sectors with more than 25% of its portfolio serving SMEs and green finance. The company also arranged the first and largest mass factoring in Egypt and completed its first securitization at the end of 2021.
The stake in Global Corp was sold to a group of investors including Amethys, the European Bank for Reconstruction and Development and SPE Capital.
The group aims to work closely with Hatem Samir and the highly qualified Global Corp management team to expand the company’s portfolio and expand into new business sectors.
Abdullah Al-Sharekh, Head of Markets and Investment Banking at Kamco Invest, said: “This transaction represents another successful merger and acquisition deal led by Kamco Invest in 2022, confirming the team’s ability to achieve client strategies and objectives. and major regional acquisitions.
Most recently, Kamco Invest acted as the financial advisor to the Kuwait Telecommunications Company (STC), in the process of acquiring the Electronic Gateway Holding Company, one of the leading Kuwaiti companies in the field of communications and information technology.
In turn, Sherif Abdel-Aal, Senior Consultant – CEO Office at KAMCO Invest, said: We were pleased to provide our advisory services and deal with leading private investment companies, and this transaction represents another milestone for KAMCO Invest’s track record, which enhances its regional presence and ability to execute deals in different geographical areas. With the provision of world-class consulting services.
With the completion of 22 transactions in 2021, the total investment banking transactions executed by the company since its inception increase to more than $29.2 billion in equity capital markets, debt capital markets and mergers and acquisitions.
The Investment Banking team has advised on a number of deals in Kuwait, Egypt, UAE, Saudi Arabia, Oman, Jordan and Bahrain.