EFG Hermes concludes advisory on sale of stakes in Humansoft and Edita

EFG Hermes concludes advisory on sale of stakes in Humansoft and Edita: EFG Hermes said in a statement yesterday that it has successfully concluded its advisory on two high-profile secondary stake sales, one for the GCC’s largest tertiary education company and the other for Egypt’s largest snack food player, Edita Food Industries. EFG Hermes acted as joint bookrunner with Citi for Al Imtiaz Investment Group’s USD 120 mn sale of a 10% stake in Kuwait’s Humansoft to institutional investors by way of an accelerated bookbuilding process. The firm also co-managed with CI Capital an accelerated bookbuilding process for the sale of Actis’ remaining 7.5% shareholding in Edita for EGP 898 mn, also to a group of high-profile international institutional investors. Actis had a nice statement out on its exit of Edita earlier this week.