{"id":566078,"date":"2021-05-26T13:38:18","date_gmt":"2021-05-26T13:38:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/macro-group-taps-efg-hermes-rencap-as-advisors-on-planned-ipo\/"},"modified":"2021-05-26T13:38:18","modified_gmt":"2021-05-26T13:38:18","slug":"macro-group-taps-efg-hermes-rencap-as-advisors-on-planned-ipo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/macro-group-taps-efg-hermes-rencap-as-advisors-on-planned-ipo\/","title":{"rendered":"Macro Group taps EFG Hermes, RenCap as advisors on planned IPO"},"content":{"rendered":"

<\/a> Cosmetics pharma giant <\/strong>Macro Group Pharma<\/a><\/strong> has reportedly tapped EFG Hermes to quarterback its<\/strong> planned IPO<\/strong> alongside Renaissance Capital, according to a report by Al Mal<\/a> quoting founder and chairman Ahmed El Nayeb. Sources close to the transaction confirmed to Enterprise that EFG Hermes is involved in the IPO, but would say only that final roles have yet to be determined. CI Capital and Renaissance Capital had been splitting duties as lead coordinators and bookrunners when the transaction was first announced. CI Capital was unable to comment on the story as of dispatch.<\/p>\n

Macro hasn\u2019t yet made a final decision on the IPO timeline <\/strong>and is waiting for market conditions to improve before pulling the trigger, El Nayeb was quoted as saying. Macro had been expected to sell 45.8% \u2014 or 264.5 mn \u2014 of its shares at an indicative price range of EGP 5.30-6.15 apiece in a secondary sale on the EGX in April<\/a>, but pushed the offering due to \u201cthe market\u2019s capacity to absorb multiple offerings\u201d at the time.<\/p>\n

There\u2019s been no change to the transaction size or structure<\/strong>, El Nayeb reportedly said today. The sale will see an exit from PE outfit Alta Semper, which owns a 33% in the company, while another majority shareholder, Kingsway Capital\u2019s CHI Consumer, will sell down some of its 46.3% stake, he reportedly added. El Nayeb didn\u2019t clarify if Alta Semper planned to make a full or partial exit.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cosmetics pharma giant Macro Group Pharma has reportedly tapped EFG Hermes to quarterback its planned IPO alongside Renaissance Capital, according to a report by Al Mal quoting founder and chairman Ahmed El Nayeb. Sources close to the transaction confirmed to Enterprise that EFG Hermes is involved in the IPO, but would say only that final […]<\/p>\n","protected":false},"author":1,"featured_media":566079,"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":[10060],"tags":[136,84,633,78,77,427,1982],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-566078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round-ipo-watch","tag-ci-capital","tag-efg-hermes","tag-enterprisepm","tag-ipo-watch","tag-macro-group","tag-pharma","tag-renaissance-capital","wpautop","entry"],"acf":{"mongo_id":"41f12ac1-51f9-49c7-ad9e-9955e248aa88","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/5\/450.jpg","photo_position":"above","related_issue":[566074],"teaser":"","voice_url":""},"yoast_head":"\nMacro Group taps EFG Hermes, RenCap as advisors on planned IPO - 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\/2021\/05\/26\/macro-group-taps-efg-hermes-rencap-as-advisors-on-planned-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Macro Group taps EFG Hermes, RenCap as advisors on planned IPO\" \/>\n<meta property=\"og:description\" content=\"Cosmetics pharma giant Macro Group Pharma has reportedly tapped EFG Hermes to quarterback its planned IPO alongside Renaissance Capital, according to a report by Al Mal quoting founder and chairman Ahmed El Nayeb. 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The company yesterday received approval from the Financial Regulatory Authority (FRA) to list on\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/489.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543484,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/03\/macro-groups-ipo-has-arrived\/","url_meta":{"origin":566078,"position":1},"title":"Macro Group\u2019s IPO has arrived","author":"enterpriseam admin","date":"3 February 2022","format":false,"excerpt":"THE BIG STORY TODAY- Is Macro Group\u2019s IPO upon us? Macro Group Pharma wrapped up the private placement portion of its IPO yesterday and could make its EGX debut next week after the retail subscription period ends, Bloomberg Asharq reports. Appetite from institutional investors was heavy, with the news outlet\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/34.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543604,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/09\/egx-executes-macro-ipo\/","url_meta":{"origin":566078,"position":2},"title":"EGX executes Macro IPO","author":"enterpriseam admin","date":"9 February 2022","format":false,"excerpt":"The EGX has executed the sale of shares to investors who subscribed to Macro Group\u2019s IPO, which saw it offer a 45.8% stake to institutional and retail investors over the past week, the bourse said yesterday. Macro raised EGP 1.3 bn in the IPO, which saw it sell 264.5 mn\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/117.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543524,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/06\/macro-group-sees-strong-demand-from-retail-investors-ahead-of-ipo\/","url_meta":{"origin":566078,"position":3},"title":"Macro Group sees strong demand from retail investors ahead of IPO","author":"enterpriseam admin","date":"6 February 2022","format":false,"excerpt":"The retail component of Macro Group Pharma\u2019s IPO was 6.49x oversubscribed at the close of Thursday\u2019s trading session, Amwal Al Ghad reports, citing unnamed sources. Retail investors have requested some 85.9 mn shares so far, with subscription set to close at the end of tomorrow\u2019s trading session. Macro wrapped up\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/65.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543659,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/13\/macro-marks-egx-debut-says-its-eyeing-an-acquisition-this-year\/","url_meta":{"origin":566078,"position":4},"title":"Macro marks EGX debut, says it\u2019s eyeing an acquisition this year","author":"enterpriseam admin","date":"13 February 2022","format":false,"excerpt":"Leading cosmeceutical outfit Macro Group is doing due diligence on an acquisition with an eye to completing the transaction this year, Al Borsa quotes CEO Hisham Wasfy as saying at a press conference on Thursday after the company made its EGP 1.3 bn EGX debut. The company had acquired a\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/159.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":542727,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/13\/one-step-closer-to-macros-ipo\/","url_meta":{"origin":566078,"position":5},"title":"One step closer to Macro\u2019s IPO","author":"enterpriseam admin","date":"13 January 2022","format":false,"excerpt":"Cosmeceuticals giant Macro Group\u2019s shares will be listed on the EGX today after receiving the blessing of the bourse\u2019s listing committee yesterday, according to an EGX statement (pdf) yesterday. The listing will pave the way for company\u2019s plan to offer up to 45.8% of its shares (which will trade under\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/152.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/566078","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=566078"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/566078\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/566074"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/566079"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=566078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=566078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=566078"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=566078"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=566078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}