{"id":624861,"date":"2018-09-20T04:12:38","date_gmt":"2018-09-20T04:12:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/b-investments-acquires-majority-stake-in-gourmet-in-egp-125-mn-transaction\/"},"modified":"2018-09-20T04:12:38","modified_gmt":"2018-09-20T04:12:38","slug":"b-investments-acquires-majority-stake-in-gourmet-in-egp-125-mn-transaction","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/b-investments-acquires-majority-stake-in-gourmet-in-egp-125-mn-transaction\/","title":{"rendered":"B Investments acquires majority stake in Gourmet in EGP 125 mn transaction"},"content":{"rendered":"

<\/a> **#4 M&A WATCH- B Investments acquires majority stake in Gourmet in EGP 125 mn transaction:<\/strong> Private equity firm B Investments announced yesterday that it has acquired a majority stake in Gourmet in an EGP 125 mn transaction that saw it acquire a 40% stake from Wadi Degla at a cost of EGP 65 mn and also fund an EGP 60 mn capital increase. The transaction, the company\u2019s third since its IPO, brings B Investments\u2019 total holding in Gourmet to c. 53%, the company said in a press release (pdf)<\/a>. Proceeds from the capital increase will be allocated to expanding Gourmet's frozen meats and poultry plant in 6 October City as well as growing its prepped meal business line. \u201cWe are extremely excited to partner with Gourmet Group\u2019s experienced management team and to continue its growth story to become Egypt\u2019s leading fresh, high quality food prfrozen ovider,\u201d said B Investments Chairman Hazem Barakat.<\/p>\n","protected":false},"excerpt":{"rendered":"

**#4 M&A WATCH- B Investments acquires majority stake in Gourmet in EGP 125 mn transaction: Private equity firm B Investments announced yesterday that it has acquired a majority stake in Gourmet in an EGP 125 mn transaction that saw it acquire a 40% stake from Wadi Degla at a cost of EGP 65 mn and […]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-624861","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"db8657fd-d8a2-493f-9c55-e0e18714e385","order":"0","is_powered_by":true,"section_story_id":"d43dc7a0-147c-43fb-8006-3d49ad898483","story_type":"1","photo_url":"","photo_position":"above","related_issue":[624853],"teaser":"","voice_url":""},"yoast_head":"\nB Investments acquires majority stake in Gourmet in EGP 125 mn transaction - 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\/20\/b-investments-acquires-majority-stake-in-gourmet-in-egp-125-mn-transaction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"B Investments acquires majority stake in Gourmet in EGP 125 mn transaction\" \/>\n<meta property=\"og:description\" content=\"**#4 M&A WATCH- B Investments acquires majority stake in Gourmet in EGP 125 mn transaction: Private equity firm B Investments announced yesterday that it has acquired a majority stake in Gourmet in an EGP 125 mn transaction that saw it acquire a 40% stake from Wadi Degla at a cost of EGP 65 mn and […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/b-investments-acquires-majority-stake-in-gourmet-in-egp-125-mn-transaction\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-20T04:12:38+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\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\/2018\/09\/20\/b-investments-acquires-majority-stake-in-gourmet-in-egp-125-mn-transaction\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/b-investments-acquires-majority-stake-in-gourmet-in-egp-125-mn-transaction\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"B Investments acquires majority stake in Gourmet in EGP 125 mn transaction\",\"datePublished\":\"2018-09-20T04:12:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/b-investments-acquires-majority-stake-in-gourmet-in-egp-125-mn-transaction\/\"},\"wordCount\":160,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/b-investments-acquires-majority-stake-in-gourmet-in-egp-125-mn-transaction\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/b-investments-acquires-majority-stake-in-gourmet-in-egp-125-mn-transaction\/\",\"name\":\"B Investments acquires majority stake in Gourmet in EGP 125 mn transaction - 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