{"id":543661,"date":"2022-02-13T04:04:51","date_gmt":"2022-02-13T04:04:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/13\/2021-was-big-for-ma-and-tech-education-and-healthcare-should-drive-activity-this-year\/"},"modified":"2022-02-13T04:04:51","modified_gmt":"2022-02-13T04:04:51","slug":"2021-was-big-for-ma-and-tech-education-and-healthcare-should-drive-activity-this-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/13\/2021-was-big-for-ma-and-tech-education-and-healthcare-should-drive-activity-this-year\/","title":{"rendered":"2021 was big for M&A \u2014 and tech, education and healthcare should drive activity this year"},"content":{"rendered":"

<\/a> M&A in Egypt continued to accelerate in 2H2021<\/strong> as waning pandemic uncertainties and cheap international borrowing rates fuelled a rebound in transaction volumes following the covid shock in 2020, according to a report by Baker McKenzie (pdf)<\/a> based on Refinitiv data.<\/p>\n

The outlook? More of the same<\/strong>, according to Mohamed Ghannam, managing partner at Helmy, Hamza & Partners, Baker McKenzie Cairo Managing, who said large transactions in tech, education, healthcare, oil and gas, and telecoms lead the firm to expect a strong year ahead for M&A. Both domestic and international companies are driving activity.<\/p>\n

For the full year in 2021: <\/strong>Companies closed 233 transactions in 2021 (+49% year-on-year) while total transaction value rose 486% to USD 9.9 bn.<\/p>\n

The number of transactions rose in the second half: <\/strong>Egypt saw 116 M&A transactions during 2H2021, up from 111 in the first half of the year and up 38% from the same period last year.<\/p>\n

As did the value of transactions: <\/strong>Transactions worth USD 4.3 bn closed in the second half of the year, up a bit from USD 4 bn during 1H2021<\/a> \u2014 and more than 5x higher than the equivalent period in 2020<\/p>\n

The second half of 2021 saw the completion of some of the biggest acquisitions of the year<\/strong>, with the Aldar Properties-ADQ consortium finalizing their<\/a>USD 338.2 mn<\/a>takeover<\/a> of leading real estate developer SODIC, and EFG Hermes and the Sovereign Fund of Egypt closing their acquisition<\/a> of a combined 76% stake in the Arab Investment Bank for USD 241.9 mn.<\/p>\n

Cross-border transactions accounted for the bulk of Egypt\u2019s M&A during the period<\/strong>, with domestic acquisitions making up less than 20% of the total value. Most cross-border M&As were inbound, helping to make Egypt the second most popular target country in the world after the US, according to Refinitiv. \u201cThis interesting finding further supports the economic growth that the country has been witnessing since the beginning of 2021 and post-pandemic uncertainties in various fields and industries,\u201d said Hani Nassef, M&A partner at Helmy, Hamza & Partners, Baker McKenzie.<\/p>\n

The healthcare field was the top-target for inbound investors<\/strong> in terms of transaction value, with a total of USD 1.6 bn for the whole year.<\/p>\n

Global M&A had its biggest year on record in 2021:<\/strong> Transactions worth USD 5.9 tn were completed in 2021, which is the biggest year for global M&A since records began in 1980.<\/p>\n

And the Middle East region wasn\u2019t bad, either<\/strong>, seeing some USD 49.5 bn worth of transactions during 2H2021 and USD 89.8 bn during the year, up 58% from 2020.<\/p>\n

\n

In other M&A news-<\/strong><\/p>\n

Abu Dhabi-based International Holding Co (IHC) is searching for acquisition <\/strong>targets <\/strong>in Egypt<\/strong>, CEO Syed Basar Shueb told Reuters<\/a> in an interview, without providing further information.<\/p>\n

IHC\u2019s Egypt footprint:<\/strong> The Emirati conglomerate owns or has stakes in at least three companies in Egypt, according to data available on its website. Alongside Al Hashemiya for Land Reclamation and Cultivation, which it acquired in April 2020, it also owns 33% of Canal Sugar and in 3Q2021 acquired 49% of the Challenge Egyptian Emirates Marine Dredging Company, a joint venture with the Suez Canal Authority.<\/p>\n

IHC could IPO its healthcare business <\/strong>Pure Health<\/a><\/strong> in 2Q2022 or early in 3Q<\/strong> after its merger with Abu Dhabi Health Services has been completed, Shueb added. Our friends at Abu Dhabi-based investment firm Chimera Capital is advising on the potential listing, which would see 25-30% of the company\u2019s shares offered to the public, he said. The article doesn\u2019t specify where the company would be listed.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A in Egypt continued to accelerate in 2H2021 as waning pandemic uncertainties and cheap international borrowing rates fuelled a rebound in transaction volumes following the covid shock in 2020, according to a report by Baker McKenzie (pdf) based on Refinitiv data. The outlook? More of the same, according to Mohamed Ghannam, managing partner at Helmy, […]<\/p>\n","protected":false},"author":1,"featured_media":543662,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7363],"tags":[72,7128,90],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-543661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-enterpriseam","tag-ma-watch","tag-uae","wpautop","entry"],"acf":{"mongo_id":"13ff6b75-266e-40ce-865a-fa0c3487d475","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/2\/161.jpg","photo_position":"above","related_issue":[543653],"teaser":"","voice_url":""},"yoast_head":"\n2021 was big for M&A \u2014 and tech, education and healthcare should drive activity this year - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/13\/2021-was-big-for-ma-and-tech-education-and-healthcare-should-drive-activity-this-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2021 was big for M&A \u2014 and tech, education and healthcare should drive activity this year\" \/>\n<meta property=\"og:description\" content=\"M&A in Egypt continued to accelerate in 2H2021 as waning pandemic uncertainties and cheap international borrowing rates fuelled a rebound in transaction volumes following the covid shock in 2020, according to a report by Baker McKenzie (pdf) based on Refinitiv data. 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The rate of decline in the region outpaced the global average, which\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/341.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":557115,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/07\/egypt-has-been-one-of-the-middle-easts-ma-hotspots-so-far-in-2021\/","url_meta":{"origin":543661,"position":3},"title":"Egypt has been one of the Middle East\u2019s M&A hotspots so far in 2021","author":"enterpriseam admin","date":"7 September 2021","format":false,"excerpt":"Egypt saw a strong pickup in M&A activity during the first six months of the year, becoming one of the most popular countries in the region as the economy continued to rebound from last year\u2019s covid shock, Baker McKenzie (pdf) said yesterday. Egypt saw 18 transactions worth USD 1.8 bn\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/87.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569704,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/pioneers-holding-approves-fair-value-study-for-its-five-way-mto\/","url_meta":{"origin":543661,"position":4},"title":"Pioneers Holding approves fair value study for its five-way MTO","author":"enterpriseam admin","date":"4 March 2020","format":false,"excerpt":"M&A WATCH- Pioneers Holding approves fair value study for its five-way MTO: Pioneers Holding has approved a fair value study by the recently hired Financial Advice Corporate Transactions (FACT) as a prelude to acquiring new stakes in five of its subsidiaries,according to a regulatory filing (pdf). Pioneers will make non-cash\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571482,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/13\/middle-east-ma-values-down-90-y-o-y-in-1q2020-falling-faster-than-the-global-average\/","url_meta":{"origin":543661,"position":5},"title":"Middle East M&A values down 90% y-o-y in 1Q2020, falling faster than the global average","author":"enterpriseam admin","date":"13 May 2020","format":false,"excerpt":"M&A WATCH- The total value of M&A in the Middle East plummeted 90% y-o-y in 1Q2020 to USD 9.28 bn from 95 transactions, down from USD 88.27 bn from 109 transactions during the same quarter last year, according to a report from Baker Mckenzie (pdf). On a quarterly basis, total\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/543661","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=543661"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/543661\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/543653"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/543662"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=543661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=543661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=543661"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=543661"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=543661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}