Baker & McKenzie is expecting M&A activity in Egypt to be driven by foreign buyers in the wake of the float. The international law firm’s Global Transactions Forecast sees total M&A activity in Egypt this year rising nearly 23% to USD 2.5 bn in value, while the number of expected transactions is set to remain constant at 65. Notably, Baker sees lower appetite from Egyptian firms (with total transaction value set to decline to USD 835 mn from USD 1.5 bn last year) and rising appetite from international buyers (expected to engaged in 53 transactions worth 1.7 bn, up from 34 worth USD 563 mn last year). The law firm also sees Egypt being home to IPOs worth USD 431 mn this year against USD 202 mn last year in USD 645 mn in 2015. The landing page for Baker & McKenzie’s Global Transactions Forecast 2017 is here, or you can skip straight to the download on Egypt (pdf) or download the full report here (pdf).

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