Pharos has 15 transactions in pipeline, most of them M&As

Our friends at Pharos have a pipeline of 15 transactions worth a combined EGP 7 bn on which they’re advising, Pharos’ head of investment banking Noha El Ghazaly said in a wide-ranging interview with Amwal Al Ghad. Most of these are M&A transactions, while three are IPOs or strategic stake sales, El Ghazaly added. The transactions run the gamut from retail and food to health and education, she noted.

Eying privatization program: El Gazaly hopes Pharos, which now has a presence in the GCC through Dubai-based Pharos Gulf, aims to take a share of the state privatization program, which she feels will have a positive impact on financial markets here. Earlier reports had indicated that Pharos was bidding to advise on the 4% stake sale of Eastern Tobacco Company, which is widely expected to pilot the program.