{"id":599092,"date":"2019-06-18T04:03:20","date_gmt":"2019-06-18T04:03:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/ebtikar-led-consortium-completes-acquisition-of-odhs-87-stake-in-tamweel-group\/"},"modified":"2019-06-18T04:03:20","modified_gmt":"2019-06-18T04:03:20","slug":"ebtikar-led-consortium-completes-acquisition-of-odhs-87-stake-in-tamweel-group","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/ebtikar-led-consortium-completes-acquisition-of-odhs-87-stake-in-tamweel-group\/","title":{"rendered":"Ebtikar-led consortium completes acquisition of ODH\u2019s 87% stake in Tamweel Group"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <b>M&A WATCH- Ebtikar-led consortium completes acquisition of ODH\u2019s 87% stake in Tamweel Group:<\/b> A consortium of funds including B Investments\u2019 <a href=\"https:\/\/bpepartners.com\/portfolio\/ebtikar\/\">Ebtikar for Financial Investment<\/a>, <a href=\"http:\/\/tanmiyaventures.com\/\">TCV1<\/a>, and <a href=\"http:\/\/www.acquireinvestmentsgrowthfunds.com\/\">Acquire for Investment<\/a> has completed its acquisition of Orascom Development Egypt (ODH)\u2019s 87% stake in Tamweel Group, Ebtikar said in <a href=\"https:\/\/ent.news\/2019\/6\/2427.pdf\">a statement (pdf)<\/a>. The funds have received all the required approvals and the share transfer has been completed. The news comes <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/27\/ebtikar-led-consortium-acquires-odes-stake-in-tamweel-for-egp-360-mn\/\">more than a year after<\/a> ODH first announced the transaction. Ebtikar\u2019s chairman, Aladdin Saba, described the acquisition as \u201can integral part of our growth strategy.\u201d The stake sale has been in the making since the <a href=\"https:\/\/www.orascomdh.com\/sites\/default\/files\/financial-reports\/1H_17_FS_0.pdf\">second half of 2016 (pdf)<\/a>, when ODH announced that it would offload the assets in order to pay off some of its <a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/16\/orascom-development-plans-to-use-proceeds-of-tamweel-sale-to-reduce-egp-1-bn-debt-burden\/\">EGP 1 bn debt burden<\/a>.<\/p>\n<p><b>About Tamweel:<\/b> Tamweel Group is made up of four companies operating in mortgage finance, factoring, leasing, collection and insurance brokerage. The company is valued at EGP 360 mn.<\/p>\n<p><b>Advisors:<\/b> EFG Hermes Investment Banking <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/27\/ebtikar-led-consortium-acquires-odes-stake-in-tamweel-for-egp-360-mn\/\">acted sell-side financial advisor<\/a> on the transaction. Zaki Hashem & Partners advised Ebtikar and TCV on the acquisition, while Taha, Moussa & Sabahi Law Firm represented Acquire.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&#038;A WATCH- Ebtikar-led consortium completes acquisition of ODH\u2019s 87% stake in Tamweel Group: A consortium of funds including B Investments\u2019 Ebtikar for Financial Investment, TCV1, and Acquire for Investment has completed its acquisition of Orascom Development Egypt (ODH)\u2019s 87% stake in Tamweel Group, Ebtikar said in a statement (pdf). The funds have received all the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":599093,"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":[11285,140,138,72,256,758,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599092","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-acquire-for-investment","tag-b-investments","tag-ebtikar","tag-enterpriseam","tag-orascom-development-egypt","tag-private-equity","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"c153d163-e829-4fd1-beae-885eaf03bee5","is_powered_by":true,"section_story_id":"b692d5e9-308f-4b04-b0c0-c7125b36918b","story_type":"1","photo_url":"https:\/\/ent.news\/2023\/2\/handshake-1600px.jpg","photo_position":"above","related_issue":[599082],"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>Ebtikar-led consortium completes acquisition of ODH\u2019s 87% stake in Tamweel Group - 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\/2019\/06\/18\/ebtikar-led-consortium-completes-acquisition-of-odhs-87-stake-in-tamweel-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ebtikar-led consortium completes acquisition of ODH\u2019s 87% stake in Tamweel Group\" \/>\n<meta property=\"og:description\" content=\"M&amp;A WATCH- Ebtikar-led consortium completes acquisition of ODH\u2019s 87% stake in Tamweel Group: A consortium of funds including B Investments\u2019 Ebtikar for Financial Investment, TCV1, and Acquire for Investment has completed its acquisition of Orascom Development Egypt (ODH)\u2019s 87% stake in Tamweel Group, Ebtikar said in a statement (pdf). The funds have received all the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/ebtikar-led-consortium-completes-acquisition-of-odhs-87-stake-in-tamweel-group\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-18T04:03:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/handshake-1600px.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/ebtikar-led-consortium-completes-acquisition-of-odhs-87-stake-in-tamweel-group\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/ebtikar-led-consortium-completes-acquisition-of-odhs-87-stake-in-tamweel-group\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Ebtikar-led consortium completes acquisition of ODH\u2019s 87% stake in Tamweel Group\",\"datePublished\":\"2019-06-18T04:03:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/ebtikar-led-consortium-completes-acquisition-of-odhs-87-stake-in-tamweel-group\/\"},\"wordCount\":197,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/ebtikar-led-consortium-completes-acquisition-of-odhs-87-stake-in-tamweel-group\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/handshake-1600px.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Acquire for Investment\",\"B Investments\",\"Ebtikar\",\"EnterpriseAM\",\"Orascom Development Egypt\",\"private equity\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/ebtikar-led-consortium-completes-acquisition-of-odhs-87-stake-in-tamweel-group\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/ebtikar-led-consortium-completes-acquisition-of-odhs-87-stake-in-tamweel-group\/\",\"name\":\"Ebtikar-led consortium completes acquisition of ODH\u2019s 87% stake in Tamweel Group - 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The transaction valued Tamweel at EGP 360 mn, ODE said in a regulatory filing (pdf).\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":599133,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/19\/ode-offloads-87-stake-in-tamweel-for-egp-313-mn\/","url_meta":{"origin":599092,"position":1},"title":"ODE offloads 87% stake in Tamweel for EGP 313 mn","author":"enterpriseam admin","date":"19 June 2019","format":false,"excerpt":"M&A WATCH- ODH to use proceeds from Tamweel sale to pay down debt: Orascom Development Egypt (ODE) will use EGP 313 mn in cash proceeds from its sale of Tamweel Group to pay down debt, it said in a disclosure to the stock exchange (pdf). B Investments\u2019 Ebtikar for Financial\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":633098,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/27\/ebtikar-tcv-acquire-consortium-offers-egp-300-mn-for-odes-share-in-tamweel\/","url_meta":{"origin":599092,"position":2},"title":"Ebtikar, TCV, Acquire consortium offers EGP 300 mn for ODE\u2019s share in Tamweel","author":"enterpriseam admin","date":"27 February 2018","format":false,"excerpt":"M&A WATCH- A consortium made up of Ebtikar for Financial Investment Company, our friends at TCV and Acquire has submitted an offer to acquire 100% of Orascom Development Egypt\u2019s (ODE) stake in Tamweel Group, according to a statement (pdf) from MM Group for Industry and International Trading (MTI), which holds\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":628133,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/26\/ebtikar-acquires-33-7-stake-in-masary\/","url_meta":{"origin":599092,"position":3},"title":"Ebtikar acquires 33.7% stake in Masary","author":"enterpriseam admin","date":"26 June 2018","format":false,"excerpt":"M&A WATCH- Ebtikar acquires 33.7% stake in payments outfit Masary: Ebtikar for Financial Investment, a joint venture between B Investments and MM Group, acquired a 33.7% stake in e-payments firm Masary in a transaction worth EGP 130 mn, Ebtikar said in a statement on Monday (pdf). The transaction on Masary,\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":592153,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/29\/mm-group-board-approves-50-acquisition-of-tamweels-car-factoring-arm\/","url_meta":{"origin":599092,"position":4},"title":"MM Group board approves 50% acquisition of Tamweel\u2019s car factoring arm","author":"enterpriseam admin","date":"29 December 2019","format":false,"excerpt":"M&A WATCH- MM Group\u2019s board of directors approved last week the acquisition of 50% of Tamweel Group\u2019s automotive factoring arm, the companysaid in a statement to the EGX (pdf). The statement did not disclose the value of the transaction. MM Group had earlier said that it was planning to complete\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":627951,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/19\/ebtikar-planning-egx-debut-in-two-years\/","url_meta":{"origin":599092,"position":5},"title":"Ebtikar planning EGX debut in two years","author":"enterpriseam admin","date":"19 June 2018","format":false,"excerpt":"IPO WATCH- Ebtikar planning EGX debut in two years: Ebtikar, the SME finance outfit owned by B Investments and MM Group, could list shares on the EGX in two years\u2019 time, Investors Relations Head Omar El Labban tells Al Mal. The company is also in the process of applying for\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\/599092","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=599092"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/599092\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/599082"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/599093"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=599092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=599092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=599092"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=599092"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=599092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}