Pharos Holding has four M&A transactions in the pipeline for 2017

Pharos Holding is looking to close four mergers and acquisition agreements this year, Head of Investment Banking Sherif Abdel Aal told Al Mal. The transactions will include advisory on the acquisition of a private university, a school, and two retail players, including Abraaj’s exit from Spinneys, he says. The total value of the transactions could come in at EGP 3-4 bn. He also added that Pharos is working on listing shares of three companies on the EGX worth a combined total of EGP 3 bn. The investment bank closed seven transactions last year, Abdel Aal says. He noted that Pharos had delayed plans to expand to offer micro financing and leasing over currency concerns back in 2016, but did not mention if these plans were back on now.