Arqaam Capital advising Misr Cafe shareholders on divestment

M&A WATCH- Arqaam Capital is acting the sellside advisor for two of the “major shareholders” of instant coffee maker Misr Cafe, sources told Al Mal. The two shareholders are looking to exit their 75% stake of the company and include the founder as well as an Egyptian shareholder. The company, which was established in 1984, was delisted from the EGX in 2007. Al Mal notes that Abraaj Capital had considered acquiring a controlling stake in the company in late 2015, but that talks had halted last year.