{"id":638431,"date":"2017-10-04T03:48:56","date_gmt":"2017-10-04T03:48:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/04\/ma-watch-ci-capital-acquires-reefy\/"},"modified":"2017-10-04T03:48:56","modified_gmt":"2017-10-04T03:48:56","slug":"ma-watch-ci-capital-acquires-reefy","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/04\/ma-watch-ci-capital-acquires-reefy\/","title":{"rendered":"M&#038;A WATCH- CI Capital acquires Reefy"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>M&A WATCH- The Sawiris family\u2019s Gemini Holding has sold microfinance player Reefy to <\/strong><strong>CI Capita.<\/strong> CI Capital reached an agreement to acquire a majority stake in microfinance provider Reefy from Gemini Egypt Holding for Financial Investments, <a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2017\/10\/CI-Capital_Reefy-Acquisition-Press-Release_Eng-V.pdf\">CI Capital said in a statement (pdf)<\/a>yesterday. The company did not disclose details on the size of the transaction. CI Capital aims to integrate Reefy onto its platform of non-banking financial services, which includes Corplease, the statement added. Beltone Financial, the Sawiris-owned investment bank, had previously kicked the tires at Reefy. CI Capital\u2019s acquisition will now await regulatory approval from the Egyptian Financial Supervisory Authority.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&#038;A WATCH- The Sawiris family\u2019s Gemini Holding has sold microfinance player Reefy to CI Capita. CI Capital reached an agreement to acquire a majority stake in microfinance provider Reefy from Gemini Egypt Holding for Financial Investments, CI Capital said in a statement (pdf)yesterday. The company did not disclose details on the size of the transaction. [&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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-638431","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a2e486fe-125d-4a05-a810-d6201f444a9d","order":"0","is_powered_by":true,"section_story_id":"15c6bacb-3ee5-4e4d-a918-a8f3f95ac4df","story_type":"1","photo_url":"","photo_position":"above","related_issue":[638420],"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>M&amp;A WATCH- CI Capital acquires Reefy - 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\/2017\/10\/04\/ma-watch-ci-capital-acquires-reefy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"M&amp;A WATCH- CI Capital acquires Reefy\" \/>\n<meta property=\"og:description\" content=\"M&amp;A WATCH- The Sawiris family\u2019s Gemini Holding has sold microfinance player Reefy to CI Capita. CI Capital reached an agreement to acquire a majority stake in microfinance provider Reefy from Gemini Egypt Holding for Financial Investments, CI Capital said in a statement (pdf)yesterday. The company did not disclose details on the size of the transaction. 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CI Capital reached an agreement to acquire a majority stake in microfinance provider Reefy from Gemini Egypt Holding for Financial Investments, CI Capital said in a statement (pdf)yesterday. The company did not disclose details on the size of the transaction. 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The acquisition was first announced last October. \u201cCI Capital\u2019s management plans to integrate Reefy into its non-banking financial services business,\u201d the announcement\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":654758,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/07\/ci-capitals-micro-financing-arm-raises-egp-884-mn-in-second-securitization-issuance\/","url_meta":{"origin":638431,"position":1},"title":"CI Capital\u2019s micro-financing arm raises EGP 884 mn in second securitization issuance","author":"enterpriseam admin","date":"7 November 2024","format":false,"excerpt":"The three-tranche issuance had tenors ranging from 6-18 months","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/604.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":641443,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/24\/beltone-acquisition-of-microfinance-player-reefy-is-still-on-could-take-place-in-1h2018\/","url_meta":{"origin":638431,"position":2},"title":"Beltone acquisition of microfinance player Reefy is still on, could take place in 1H2018","author":"enterpriseam admin","date":"24 September 2017","format":false,"excerpt":"M&A WATCH- Beltone Financial\u2019s acquisition of microfinance firm Reefy is still on andwill take place in 1H2018, Beltone chairman Sameh El Torgoman told Al Masry Al Youm on Saturday. Beltone\u2019s planned EGP 105 mn acquisition of 70% of Reefy had been put in question last week when El Torgoman suggested\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":592586,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/08\/reefy-microfinance-issues-egp-700-mn-in-securitized-bonds\/","url_meta":{"origin":638431,"position":3},"title":"Reefy Microfinance issues EGP 700 mn in securitized bonds","author":"enterpriseam admin","date":"8 August 2023","format":false,"excerpt":"The issuance was the first in a three-year, EGP 3 bn program","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/345.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":637677,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/22\/ci-capital-to-ipo-in-2h2018\/","url_meta":{"origin":638431,"position":4},"title":"CI Capital to IPO in 2H2018","author":"enterpriseam admin","date":"22 November 2017","format":false,"excerpt":"IPO WATCH- CI Capital to IPO in 2H2018: Investment bank CI Capital is expected to list on the EGX in the second half of 2018, CEO Mahmoud Attallah tells Al Borsa. 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