{"id":624272,"date":"2018-09-04T04:15:17","date_gmt":"2018-09-04T04:15:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/04\/sarwa-capital-sees-a-valuation-of-usd-300-mn-from-ipo\/"},"modified":"2018-09-04T04:15:17","modified_gmt":"2018-09-04T04:15:17","slug":"sarwa-capital-sees-a-valuation-of-usd-300-mn-from-ipo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/04\/sarwa-capital-sees-a-valuation-of-usd-300-mn-from-ipo\/","title":{"rendered":"Sarwa Capital sees a valuation of USD 300 mn from IPO"},"content":{"rendered":"

<\/a> IPO WATCH- Sarwa Capital looks to raise USD 120-125 mn from IPO:<\/strong> Top consumer and structured finance player Sarwa Capital is looking at a USD 300 mn valuation as it looks to raise USD 120-125 mn from a sale of 40% of the company, our friend CEO Hazem Moussa told Bloomberg TV on Monday. While the fair value process is ongoing, Moussa said the company is targeting a share price of between EGP 7-8. The valuation is not off base considering the interest shown in the company\u2019s ongoing roadshow in the GCC and South Africa, he said. Major institutional investors are looking to acquire \u201ca substantial stake\u201d in the company, with offers coming in at a range of 3-5% of the company, said Moussa.<\/p>\n

The money raised will be used to boost the equity base overall<\/strong>, which will open up the company\u2019s capacity across the board, he added. This will particularly bolster its securitization bond issuance business, which is dominated by the company as it holds a market share of 79%.<\/p>\n

The funds will also be used to expand its lines of business to include an insurance company.<\/p>\n

Growing pains? Not so much.<\/strong> Moussa\u2019s sees little risk that its growth would negatively impact its credit business\u2019 impressive 0.3% default rate. Sarwa has been growing 50% annually over the past five years, he noted, and credit know-how is the core of the business, with Sarwa spending the first couple of years developing it so that default rates would not balloon as it grew.<\/p>\n

Use of proceeds? <\/strong>Moussa says the company will use the proceeds from the transaction to shore up its equity base, expand into insurance, and \u201croll out products that increase penetration rates in finance and insurance.\u201d You can catch the full interview here (watch, runtime: 4:57<\/a><\/u>).<\/p>\n

Advisers:<\/strong> Beltone<\/strong> Investment Banking is acting as sole global coordinator and bookrunner for the transaction, which is expected to take place sometime in late 3Q2018 or early 4Q2018<\/a><\/u>. Matouk Bassiouny<\/strong> has been tapped as legal counsel.<\/p>\n","protected":false},"excerpt":{"rendered":"

IPO WATCH- Sarwa Capital looks to raise USD 120-125 mn from IPO: Top consumer and structured finance player Sarwa Capital is looking at a USD 300 mn valuation as it looks to raise USD 120-125 mn from a sale of 40% of the company, our friend CEO Hazem Moussa told Bloomberg TV on Monday. While […]<\/p>\n","protected":false},"author":1,"featured_media":624273,"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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-624272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"fca59a60-5b2f-4019-8f81-c512a9ed95d0","order":"0","is_powered_by":true,"section_story_id":"b5be957b-45c7-48af-b0e7-f3ae5c8f1d76","story_type":"1","photo_url":"https:\/\/ent.news\/2018\/9\/2600.jpg","photo_position":"above","related_issue":[624262],"teaser":"","voice_url":""},"yoast_head":"\nSarwa Capital sees a valuation of USD 300 mn from 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\/2018\/09\/04\/sarwa-capital-sees-a-valuation-of-usd-300-mn-from-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sarwa Capital sees a valuation of USD 300 mn from IPO\" \/>\n<meta property=\"og:description\" content=\"IPO WATCH- Sarwa Capital looks to raise USD 120-125 mn from IPO: Top consumer and structured finance player Sarwa Capital is looking at a USD 300 mn valuation as it looks to raise USD 120-125 mn from a sale of 40% of the company, our friend CEO Hazem Moussa told Bloomberg TV on Monday. 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The public subscription notice for Sarwa Capital\u2019s sale of up to 40% of the company\u2019s shares on the EGX should be out soon, sources close to the transaction said on Thursday. Youm7, meanwhile, suggests that Sarwa should wrap bourse paperwork necessary for\u2026","rel":"","context":"In "Speed Round"","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":623091,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/21\/sarwa-capital-approves-egp-700-mn-issued-capital-increase\/","url_meta":{"origin":624272,"position":1},"title":"Sarwa Capital approves EGP 700 mn issued capital increase","author":"enterpriseam admin","date":"21 October 2018","format":false,"excerpt":"Sarwa Capital\u2019s board of directors approved on Wednesday increasing the company\u2019s issued capital by EGP 700 mn through new shares to existing shareholder Consolidated Financial Holdings at the IPO price of EGP 7.36 per share, the company said in a bourse disclosure (pdf).","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626002,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/sarwa-capital-to-list-40-of-its-shares-by-early-4q2018\/","url_meta":{"origin":624272,"position":2},"title":"Sarwa Capital to list 40% of its shares by early 4Q2018","author":"enterpriseam admin","date":"28 August 2018","format":false,"excerpt":"IPO WATCH- Sarwa Capital to list 40% of its shares by early 4Q2018: Our friends at Sarwa Capital announced yesterday (pdf) that they plan to list 40% of the company\u2019s shares on the EGX by late 3Q2018 or early 4Q2018. The IPO will consist of an international offering to global\u2026","rel":"","context":"In "Speed Round"","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":625174,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/30\/sarwa-prices-ipo-at-egp-7-04-8-00-per-share-trading-to-start-on-15-october\/","url_meta":{"origin":624272,"position":3},"title":"Sarwa prices IPO at EGP 7.04-8.00 per share, trading to start on 15 October","author":"enterpriseam admin","date":"30 September 2018","format":false,"excerpt":"IPO WATCH- Sarwa prices IPO at EGP 7.04 to EGP 8.00 per share, trading to start on 15 October: Consumer and structured finance player Sarwa Capital announced yesterday that it expects to price its initial public offering at EGP 7.04 to EGP 8.0 per share. Our friends at Sarwa are\u2026","rel":"","context":"In "Speed Round"","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":621199,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/01\/orascom-investment-wants-at-least-25-of-sarwa-capital\/","url_meta":{"origin":624272,"position":4},"title":"Orascom Investment wants at least 25% of Sarwa Capital","author":"enterpriseam admin","date":"1 November 2018","format":false,"excerpt":"** #3 M&A WATCH- Sawiris\u2019 Orascom Investment wants at least 25% of Sarwa Capital: Orascom Investment Holding (OIH)is looking to acquire a non-controlling stake of c. 216 mn shares in consumer and structured finance player Sarwa Capital at EGP 7.36 a share, the company said in a bourse statement (pdf).\u2026","rel":"","context":"In "Speed Round"","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":628651,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/09\/sarwa-capital-to-invest-egp-200-mn-to-establish-insurance-companies\/","url_meta":{"origin":624272,"position":5},"title":"Sarwa Capital to invest EGP 200 mn to establish insurance companies","author":"enterpriseam admin","date":"9 May 2018","format":false,"excerpt":"Sarwa Capital is planning to establish two separate life and insurance companies, each of which will have a capital of around EGP 100 mn, CEO Hazem Moussa tells Al Mal. Sarwa has received preliminary approval from the Financial Regulatory Authority for the planned companies, whose establishment is part of the\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"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\/624272","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=624272"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/624272\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/624262"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/624273"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=624272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=624272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=624272"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=624272"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=624272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}