Sky Realty Holding acquires Designopolis from Qalaa Holding’s MENA Home Furnishings Mall

M&A WATCH- Sky Realty to acquire Designopolis from Qalaa Holding subsidiary: Sky Realty Holding Ltd., a subsidiary of Compass Investment Holding Limited, entered into a sale and purchase agreement to acquire Designopolis from Qalaa Holding. In the transaction, Sky acquired 100% of Qalaa subsidiary MENA Home Furnishings Mall’s stake in Designopolis owner Bonyan for Development and Trade. Proceeds to Qalaa amounted to EGP 162 mn. You can read Compass’ statement (pdf) here and Qalaa’s disclosure here (pdf). Compass Capital was buy-side advisor.