{"id":597193,"date":"2019-07-18T04:21:41","date_gmt":"2019-07-18T04:21:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/efg-to-invest-usd-60-mn-in-education-pharma-acquisitions\/"},"modified":"2019-07-18T04:21:41","modified_gmt":"2019-07-18T04:21:41","slug":"efg-to-invest-usd-60-mn-in-education-pharma-acquisitions","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/efg-to-invest-usd-60-mn-in-education-pharma-acquisitions\/","title":{"rendered":"EFG to invest USD 60 mn in education, pharma acquisitions"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <b>INVESTMENT WATCH- EFG Hermes to invest USD 60 mn in education, pharma acquisitions:<\/b> EFG Hermes is set to acquire schools in Cairo and Alexandria in a USD 30 mn transaction, and will invest another USD 30 mn in a transaction in the pharma sector, Private Equity Head Karim Moussa said at a press conference yesterday, <a href=\"https:\/\/www.youm7.com\/story\/2019\/7\/17\/%D9%87%D9%8A%D8%B1%D9%85%D9%8A%D8%B3-30-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D9%84%D8%B4%D8%B1%D8%A7%D8%A1-%D9%85%D8%AF%D8%A7%D8%B1%D8%B3-%D8%A8%D8%A7%D9%84%D9%82%D8%A7%D9%87%D8%B1%D8%A9-%D9%88%D8%A7%D9%84%D8%A5%D8%B3%D9%83%D9%86%D8%AF%D8%B1%D9%8A%D8%A9\/4338122\">according to Youm7<\/a>. Moussa did not disclose further details on the investments, but said that the school acquisitions should close within the coming weeks, and the firm will begin working on the pharma transaction as of the next quarter.<\/p>\n<p><b>EFG has two private sector IPOs in the pipeline for the third and fourth quarter of the year<\/b>, in addition to quarterbacking the planned secondary stake sales in state-owned Banque du Caire and Alexandria Container and Cargo Handling, Co-Head of Investment Banking Mostafa Gad tells <a href=\"https:\/\/ara.reuters.com\/article\/businessNews\/idARAKCN1UC2BY\">Reuters\u2019 Arabic service<\/a>. According to Gad, one of the private sector companies looking to IPO is in the tech sector, and will likely debut on the EGX before the end of 3Q2019, while the second company\u2019s IPO should go to market before the end of 4Q2019. Gad did not name either company.<\/p>\n<p><b>EFG is also working on listing two \u201cmajor\u201d companies on the London Stock Exchange before the year is out<\/b>, Gad tells the newswire, without providing further information. It is unclear whether the companies listing on the EGX are eyeing a dual listing on the LSE or if these are separate companies.<\/p>\n<p><b>The firm is still committed to its expansion plans and has its eyes set on being ranked among the top five investment banks in the markets it operates in<\/b>, EFG Hermes Group CEO Karim Awad said at the conference, <a href=\"https:\/\/almalnews.com\/%D9%87%D9%8A%D8%B1%D9%85%D9%8A%D8%B3-4-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D8%AD%D8%AC%D9%85-%D8%A7%D9%84%D8%A3%D8%B5%D9%88%D9%84-%D8%A7%D9%84%D9%85\/\">according to Al Mal<\/a>. EFG is planning on focusing during the coming period on increasing its market share across all 13 countries it operates in, but will not focus solely on its brokerage operations, <a href=\"https:\/\/www.alborsaanews.com\/2019\/07\/17\/1226331\">Awad said<\/a>.<\/p>\n<p><b>Separately, EFG is planning to set up one or two non-banking financial services companies by year-end<\/b>, EFG Finance CEO Walid Hassouna said at the press conference, <a href=\"https:\/\/hapijournal.com\/2019\/07\/17\/%D9%88%D9%84%D9%8A%D8%AF-%D8%AD%D8%B3%D9%88%D9%86%D8%A9-%D8%B4%D8%B1%D9%83%D8%AA%D8%A7%D9%86-%D8%AC%D8%AF%D9%8A%D8%AF%D8%AA%D8%A7%D9%86-%D9%84%D9%87%D9%8A%D8%B1%D9%85%D9%8A%D8%B3-%D9%81%D9%8A-%D9%82\/\">according to Hapi Journal<\/a>. Awad <a href=\"https:\/\/ara.reuters.com\/article\/businessNews\/idARAKCN1UC2H7\">tells Arabic Reuters<\/a> that these services will account for 40-50% of EFG\u2019s profits within five years, compared to 25-28% currently. EFG\u2019s mortgage finance JV with GB Capital and Talaat Moustafa is also set to launch within a month and a half, Hassouna said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>INVESTMENT WATCH- EFG Hermes to invest USD 60 mn in education, pharma acquisitions: EFG Hermes is set to acquire schools in Cairo and Alexandria in a USD 30 mn transaction, and will invest another USD 30 mn in a transaction in the pharma sector, Private Equity Head Karim Moussa said at a press conference yesterday, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":597194,"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":[8572],"tags":[73,84,72,125,78,427,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-597193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-education","tag-efg-hermes","tag-enterpriseam","tag-investment-watch","tag-ipo-watch","tag-pharma","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"9faec0c8-dbfa-41ca-bc59-59384f4687e2","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2019\/7\/efg-hermes-1600px.jpg","photo_position":"above","related_issue":[597188],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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Sharkawy and Sarhan Law Firm will be the legal advisers to Friesland,\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\/2019\/7\/efg-hermes-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":605182,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/24\/efg-hermes-egypt-education-fund-is-oversubscribed-at-first-close\/","url_meta":{"origin":597193,"position":2},"title":"EFG Hermes\u2019 Egypt Education Fund is oversubscribed at first close","author":"enterpriseam admin","date":"24 December 2018","format":false,"excerpt":"EFG Hermes\u2019 Egypt Education Fund is oversubscribed at first close: EFG Hermes\u2019 private equity arm has hit first close on its Egypt Education Fund with total commitments of USD 119 mn, according to a company press release (pdf). The commitments, which are well above an initial target of USD 50-100\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":[]},{"id":629363,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/29\/efg-acquires-four-schools-in-egp-1-bn-transaction-from-tmg-gems-tapped-as-operator\/","url_meta":{"origin":597193,"position":3},"title":"EFG acquires four schools in EGP 1 bn transaction from TMG, GEMS tapped as operator","author":"enterpriseam admin","date":"29 May 2018","format":false,"excerpt":"INVESTMENT WATCH- EFG acquires four schools in EGP 1 bn transaction from TMG, GEMS tapped as operator: EFG Hermes acquired four national and British schools in Cairo's suburbs from the Talaat Moustafa Group (TMG)\u00a0in a transaction worth EGP 1 bn (USD 56 mn), according to a regulatory filing (pdf). Under\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":[]},{"id":629036,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/21\/efg-gems-partner-up-on-new-k-12-education-platform-in-egypt\/","url_meta":{"origin":597193,"position":4},"title":"EFG, GEMS partner up on new K-12 education platform in Egypt","author":"enterpriseam admin","date":"21 May 2018","format":false,"excerpt":"INVESTMENT WATCH- EFG, GEMS to partner up on new K-12 education platform in Egypt; could invest USD 300 mn over the next five years: EFG Hermes announced yesterday (pdf) that it\u2019s partnering up with GEMS Education to invest in the K-12 education industry in Egypt. The project, a 50\/50 joint\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":[]},{"id":634354,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/14\/sources-say-efg-hermes-in-talks-to-acquire-stake-in-bio-pharma-egypt\/","url_meta":{"origin":597193,"position":5},"title":"Sources say EFG Hermes in talks to acquire stake in Bio Pharma Egypt","author":"enterpriseam admin","date":"14 January 2018","format":false,"excerpt":"M&A WATCH- EFG Hermes is reportedly looking to acquire a controlling stake in Bio Pharma Egypt by buying BPE Partners\u2019 Midcap fund\u2019s shares, sources told Al Mal. The transaction would be part of EFG Hermes\u2019 merchant banking operations, the source says, suggesting the transaction would be warehoused for EFG\u2019s Rx\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\/597193","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=597193"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/597193\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/597188"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/597194"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=597193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=597193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=597193"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=597193"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=597193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}