{"id":600223,"date":"2019-01-22T04:13:24","date_gmt":"2019-01-22T04:13:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/shearman-sterling-advise-efg-hermes-on-first-close-of-egypt-education-fund\/"},"modified":"2019-01-22T04:13:24","modified_gmt":"2019-01-22T04:13:24","slug":"shearman-sterling-advise-efg-hermes-on-first-close-of-egypt-education-fund","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/shearman-sterling-advise-efg-hermes-on-first-close-of-egypt-education-fund\/","title":{"rendered":"Shearman &#038; Sterling advise EFG Hermes on first close of Egypt Education Fund"},"content":{"rendered":"<p>Global law firm <a href=\"https:\/\/www.shearman.com\/\">Shearman & Sterling<\/a> were legal advisers to EFG Hermes on <a href=\"https:\/\/enterprise.press\/stories\/2018\/12\/24\/efg-hermes-egypt-education-fund-is-oversubscribed-at-first-close\/\">the successful first close of its Egypt Education Fund<\/a>, with the second close expected to be completed in 2019, the <a href=\"http:\/\/www.globallegalchronicle.com\/efg-hermes-egypt-education-fund-150-million-fundraising\/\">Global Legal Chronicle<\/a> tells us. The DIFC-based fund, which forms part of a USD 300 mn joint venture platform established in partnership with Dubai\u2019s GEMS Education, seeks to raise up to USD 150 mn in capital commitments for investment in K-12 schools in Egypt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global law firm Shearman &#038; Sterling were legal advisers to EFG Hermes on the successful first close of its Egypt Education Fund, with the second close expected to be completed in 2019, the Global Legal Chronicle tells us. The DIFC-based fund, which forms part of a USD 300 mn joint venture platform established in partnership [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[7907],"tags":[84,72,963,11343],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600223","post","type-post","status-publish","format-standard","hentry","category-law","tag-efg-hermes","tag-enterpriseam","tag-law","tag-shearman-sterling","wpautop","entry"],"acf":{"mongo_id":"c9cd08a3-6688-4cd5-a941-708eacb2ac43","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[600188],"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>Shearman &amp; Sterling advise EFG Hermes on first close of Egypt Education Fund - 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\/01\/22\/shearman-sterling-advise-efg-hermes-on-first-close-of-egypt-education-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shearman &amp; Sterling advise EFG Hermes on first close of Egypt Education Fund\" \/>\n<meta property=\"og:description\" content=\"Global law firm Shearman &amp; Sterling were legal advisers to EFG Hermes on the successful first close of its Egypt Education Fund, with the second close expected to be completed in 2019, the Global Legal Chronicle tells us. The DIFC-based fund, which forms part of a USD 300 mn joint venture platform established in partnership [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/shearman-sterling-advise-efg-hermes-on-first-close-of-egypt-education-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-22T04:13:24+00:00\" \/>\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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/shearman-sterling-advise-efg-hermes-on-first-close-of-egypt-education-fund\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/22\/shearman-sterling-advise-efg-hermes-on-first-close-of-egypt-education-fund\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Shearman &#038; 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The investment brings the fund to its third close, a source with direct knowledge of\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/366.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597301,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/efg-hermes-has-a-lot-of-projects-in-the-pipeline\/","url_meta":{"origin":600223,"position":2},"title":"EFG Hermes has a lot of projects in the pipeline","author":"enterpriseam admin","date":"22 July 2019","format":false,"excerpt":"M&A WATCH- EFG Hermes named as adviser to FrieslandCampina in Arab Dairy acquisition: EFG Hermes will provide financial advice to Dutch company FrieslandCampina in its bid to acquire Egyptian cheese-maker Arab Dairy, Hapi Journal reported, citing unnamed sources. 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":544870,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/24\/efg-hermes-private-equity-units-eye-fresh-investments-acquisitions\/","url_meta":{"origin":600223,"position":3},"title":"EFG Hermes\u2019 private equity units eye fresh investments + acquisitions","author":"enterpriseam admin","date":"24 March 2022","format":false,"excerpt":"EFG Hermes-led Vortex Energy, RX Healthcare, and Education Fund eyeing fresh investments + acquisitions: EFG Hermes\u2019 Egypt Education Fund, and its healthcare arm, RX Healthcare, are studying new investments and acquisitions, head of private equity and asset management Karim Moussa told Enterprise, confirming a story published in Al Mal.The education\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/340.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576438,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/24\/efg-hermes-advises-on-usd-265-mn-loan-for-orascom-development-egypt\/","url_meta":{"origin":600223,"position":4},"title":"EFG Hermes advises on USD 265 mn loan for Orascom Development Egypt","author":"enterpriseam admin","date":"24 November 2020","format":false,"excerpt":"EFG Hermes concluded a seven-year USD 265 mn debt arrangement for Orascom Development Egypt (ODE), the investment bank said in a press release (pdf) yesterday. 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