Pharos was exclusive sell-side advisor to Spinney’s in Investec acquisition

Pharos Investment Banking served as exclusive sell-side advisor to Spinney’s in the sale of a controlling stake in the supermarket chain to Investec Asset Management, according to an emailed statement (pdf). The transaction “solidifies Pharos Investment Banking’s capabilities and growing presence in the M&A market in Egypt,” said Pharos Holding CEO Elwy Taymour. The transaction marks Investec’s maiden investment in Egypt.