{"id":568444,"date":"2020-12-30T03:27:38","date_gmt":"2020-12-30T03:27:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/30\/a-boom-year-for-ma\/"},"modified":"2020-12-30T03:27:38","modified_gmt":"2020-12-30T03:27:38","slug":"a-boom-year-for-ma","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/30\/a-boom-year-for-ma\/","title":{"rendered":"A boom year for M&#038;A"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Buyers and sellers looked past covid-19 and the depressed public market valuations that <\/strong><strong>accompanied it to announce 110 M&As in 2020<\/strong>, up from 80 the year before (+38%). Oddly enough, that correlates nicely with 2015, which we declared \u201c<a href=\"https:\/\/enterprise.press\/issues\/2015\/12\/28\/2015-was-the-year-of-ma\/\">The Year of M&A<\/a>\u201d as 39 transactions were concluded even as the EGX30 was down -21.8% for the year.<\/p>\n<p><strong>Wait, Enterprise, where\u2019d ya get yer data? <\/strong>As is the case with our IPO tracker, above, we track every whisper of an M&A that we hear of and keep it on a super-secret Google Sheet.<\/p>\n<p><strong>We think it\u2019s now officially a trend: More and more companies have chosen to grow <\/strong><strong>through merger or acquisition since the late 2016 float of the EGP.<\/strong> We reported on 39 companies tying the knot in 2017, while 56 did so in 2018.<\/p>\n<p><strong>Most M&A activity was among privately held companies<\/strong>, and most of them were no more prone to disclosing transaction values this year than last. But: In total, <strong>we reported on transactions with a disclosed value of EGP 70.8 bn in 2020<\/strong>, more than double the EGP 29.1 bn we covered last year.<\/p>\n<p><strong>Broken transaction of the year: <\/strong>Vodafone Plc\u2019s USD 2.4 bn sale of Vodafone Egypt to Saudi Telecom (STC), which went bust just before Christmas. Vodafone\u2019s group CEO has since chatted with President Abdel Fattah El Sisi to reassure him that Big Red is here to stay \u2014 and sees Egypt as a hub for its push into Africa. Because our tracker covers all <em>announced <\/em>M&A, that figure skews the telecom industry\u2019s contribution to the top sector by value (below).<\/p>\n<p><strong>Transaction of the year: <\/strong>It was whispered of in the market last year, but Fahad El Khater\u2019s Alameda Healthcare (parent company of As-Salam International and Dar El Fouad hospitals) finally sold itself to Cleopatra Hospitals just this week in a landmark transaction that could be worth as much as USD 500 mn. Alameda boss (and majority shareholder) Fahad El Khater becomes the second-largest shareholder in Cleopatra and vice-chairman of CHG \u2014 you can read all about the transaction <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f49a0bad-84a7-49f3-b20e-68c1976ec30b\">here<\/a>.<\/p>\n<p>(Note that the CLHO-Alameda transaction isn\u2019t included in the by-value totals below because neither company would confirm the figure put out there by Bloomberg.)<\/p>\n<p><strong>By number of transactions, banking and financial services as well as healthcare were <\/strong><strong>again the prime drivers of M&A activity <\/strong>in the year now ending. Taking a wide view of industry classifications:<\/p>\n<p><strong>Top industries for M&A in 2020, by #: <\/strong>Banking and financial services (32), healthcare (19), followed by building materials, infrastructure, oil and gas and real estate at six apiece.<\/p>\n<p><strong>Top industries for M&A in 2019, by #: <\/strong>Banking and financial services (15), healthcare (10), food (7), energy (7) and education (6).<\/p>\n<p><strong>Top industries for M&A by announced value, 2020 (in EGP): <\/strong>Tech & telecoms (37.3 bn), pharma (14.4 bn), banking & financial services (6.4 bn).<\/p>\n<p><strong>Top industries for M&A by announced value, 2019 (in EGP): <\/strong>Tech & telecoms (12.2 bn), oil and gas (8.8 bn) and healthcare (2.7 bn).<\/p>\n<p><strong>Foreign interest in Egyptian M&A was on par with 2019. <\/strong>Fully 36% of the M&A stories we covered this year involved transactions with foreign involvement, largely unchanged from 34% in 2019.<\/p>\n<p><strong>About 56% of transactions announced in 2020 are complete<\/strong>, while just 9% went bust. Look for the completion rate to tick up as we head into 2021 \u2014 the USD 500 mn or so Cleopatra \/ Alameda tie-up was on our tracker at the end of 2019 as \u201cpossible.\u201d In total, we end 2020 with 62 completed transactions, 10 broken, 10 in process, 26 we list as planned \/ possible, and two whose status is unknown. <strong>Last year\u2019s completion rate as of today? 80%, by our math.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Buyers and sellers looked past covid-19 and the depressed public market valuations that accompanied it to announce 110 M&#038;As in 2020, up from 80 the year before (+38%). Oddly enough, that correlates nicely with 2015, which we declared \u201cThe Year of M&#038;A\u201d as 39 transactions were concluded even as the EGX30 was down -21.8% for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":568445,"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":[9267],"tags":[72,7128,4320],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-568444","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-year-in-review-ma-2","tag-enterpriseam","tag-ma-watch","tag-year-in-review-2020","wpautop","entry"],"acf":{"mongo_id":"f874a808-cc76-4352-9c8b-0d5e0d5307f1","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/12\/497.jpg","photo_position":"above","related_issue":[568432],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>A boom year for M&amp;A - 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\/2020\/12\/30\/a-boom-year-for-ma\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A boom year for M&amp;A\" \/>\n<meta property=\"og:description\" content=\"Buyers and sellers looked past covid-19 and the depressed public market valuations that accompanied it to announce 110 M&amp;As in 2020, up from 80 the year before (+38%). 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Egypt saw transactions worth more than\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/161.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575094,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/01\/six-companies-to-bid-for-wind-plant-om-contract\/","url_meta":{"origin":568444,"position":1},"title":"Six companies to bid for wind plant O&#038;M contract","author":"enterpriseam admin","date":"1 October 2020","format":false,"excerpt":"Six foreign and local companies are planning to bid for a five-year operation and maintenance contract for the New and Renewable Energy Authority\u2019s (NREA) 220 MW wind plant in the Gabal El Zeit complex in the Gulf of Suez, the local press reports, quoting unnamed sources. The companies include Denmark\u2019s\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":543104,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/09\/ma-kept-booming-in-2021-and-is-poised-to-keep-going-this-year\/","url_meta":{"origin":568444,"position":2},"title":"M&#038;A kept booming in 2021 \u2014 and is poised to keep going this year","author":"enterpriseam admin","date":"9 January 2022","format":false,"excerpt":"2021 was a boom year for global M&A: A record M&A rally saw agreements worth USD 5.8 tn signed throughout the year, growing 64% y-o-y and marking the fastest pace of growth for M&As since the mid-1990s, the Financial Times reports, citing Refinitiv data.Underpinning the rally: Booming markets, widespread stimulus\u2026","rel":"","context":"In &quot;Macro picture&quot;","block_context":{"text":"Macro picture","link":"https:\/\/enterpriseam.com\/egypt\/category\/explainers\/macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/409.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543661,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/13\/2021-was-big-for-ma-and-tech-education-and-healthcare-should-drive-activity-this-year\/","url_meta":{"origin":568444,"position":3},"title":"2021 was big for M&#038;A \u2014 and tech, education and healthcare should drive activity this year","author":"enterpriseam admin","date":"13 February 2022","format":false,"excerpt":"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,\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/161.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554321,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/29\/a-solid-year-for-ma\/","url_meta":{"origin":568444,"position":4},"title":"A solid year for M&#038;A","author":"enterpriseam admin","date":"29 December 2021","format":false,"excerpt":"It wasn\u2019t \u201cThe Year of M&A,\u201d but there was plenty of action and drama. After two years of y-o-y growth in the number of M&As announced and concluded, 2021 saw a drop in numbers and values of tie-ups compared to the 2020 and 2019.A total of 76 tie-ups with Egypt\u2026","rel":"","context":"In &quot;YEAR IN REVIEW: M&amp;A&quot;","block_context":{"text":"YEAR IN REVIEW: M&amp;A","link":"https:\/\/enterpriseam.com\/egypt\/category\/year-in-review-ma-2\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/544.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570423,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/prime-holdings-acquires-ma-advisor-paradigm-invest\/","url_meta":{"origin":568444,"position":5},"title":"Prime Holdings acquires M&#038;A advisor Paradigm Invest","author":"enterpriseam admin","date":"31 March 2020","format":false,"excerpt":"M&A WATCH- Prime Holding has acquired boutique advisor Paradigm Invest as part of its expansion into investment banking, according to Al Mal, which cites a source close to the transaction. Prime hopes the acquisition will create synergies in both companies, with Prime benefitting from Paradigm\u2019s M&A and transactions advisory focus\u2026","rel":"","context":"In &quot;Speed Round&quot;","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\/568444","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=568444"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/568444\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/568432"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/568445"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=568444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=568444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=568444"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=568444"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=568444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}