{"id":655032,"date":"2024-11-12T00:00:00","date_gmt":"2024-11-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/12\/tanmiya-capital-ventures-to-pick-up-20-9-stake-in-local-confectionary-leader-el-abd\/"},"modified":"2024-11-12T00:00:00","modified_gmt":"2024-11-12T00:00:00","slug":"tanmiya-capital-ventures-to-pick-up-20-9-stake-in-local-confectionary-leader-el-abd","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/12\/tanmiya-capital-ventures-to-pick-up-20-9-stake-in-local-confectionary-leader-el-abd\/","title":{"rendered":"Tanmiya Capital Ventures to pick up 20.9% stake in local confectionary leader El Abd"},"content":{"rendered":"

It turns out<\/strong> Tanmiya Capital Ventures has a sweet tooth:<\/strong> Egypt\u2019s Competition Authority approved a filing by Tanmiya Capital Ventures (TCV) to acquire a 20.9% stake in El Abd for Investment, Manufacturing, and Sweet Trading, according to a statement<\/a> from the Egyptian Competition Authority. We\u2019re yet to find out how much TCV will put forward for the stake in the local confectionery company.<\/p>\n

What\u2019s the money for?<\/strong> \"The investment is going all into a capital increase to fuel the company\u2019s growth in opening new branches and finishing its new facility,\u201d TCV Managing Partner Mohamed Mahgoub told EnterpriseAM<\/p>\n

But don\u2019t expect any radical leadership changes ahead: \u201d<\/strong>The family is not selling and will continue managing the business,\u201d Mahgoub clarified.<\/p>\n

What\u2019s next?<\/strong> The acquisition will reach a close within two months,according to Mahgoub.<\/p>\n

Tanmiya is no stranger to the country\u2019s F&B sector: <\/strong>Alongside its 10% stake in local food<\/a>company<\/a>Auf Group<\/a> \u2014 the company behind Abu Auf<\/a> \u2014 Tanmiya also has stakes in local food players Mifad<\/a> and Plant Form<\/a>. Tanmiya\u2019s TCV II fund has also pointed to F&B companies<\/a> as among its main targets and leading figures from the firm have often spoken about their appetite for more local F&B acquisitions<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The investment will go towards opening new branches and finishing a new facility<\/p>\n","protected":false},"author":1,"featured_media":655033,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7363],"tags":[72,564,7128,8524],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-655032","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-enterpriseam","tag-food","tag-ma-watch","tag-tanmiya-capital-ventures","wpautop","entry"],"acf":{"mongo_id":"13d42e90-86ba-43f4-b522-ae0c65095d53","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/1023.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Tanmiya Capital Ventures to pick up 20.9% stake in local confectionary leader El Abd","related_issue":[655017],"teaser":"The investment will go towards opening new branches and finishing a new facility","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.109d1f21-f4d3-4a5f-9062-a27f41d11c3e.mp3"},"yoast_head":"\nTanmiya Capital Ventures to pick up 20.9% stake in local confectionary leader El Abd - 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\/2024\/11\/12\/tanmiya-capital-ventures-to-pick-up-20-9-stake-in-local-confectionary-leader-el-abd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tanmiya Capital Ventures to pick up 20.9% stake in local confectionary leader El Abd\" \/>\n<meta property=\"og:description\" content=\"The investment will go towards opening new branches and finishing a new facility\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/12\/tanmiya-capital-ventures-to-pick-up-20-9-stake-in-local-confectionary-leader-el-abd\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-12T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1023.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\/2024\/11\/12\/tanmiya-capital-ventures-to-pick-up-20-9-stake-in-local-confectionary-leader-el-abd\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/12\/tanmiya-capital-ventures-to-pick-up-20-9-stake-in-local-confectionary-leader-el-abd\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Tanmiya Capital Ventures to pick up 20.9% stake in local confectionary leader El Abd\",\"datePublished\":\"2024-11-12T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/12\/tanmiya-capital-ventures-to-pick-up-20-9-stake-in-local-confectionary-leader-el-abd\/\"},\"wordCount\":225,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/12\/tanmiya-capital-ventures-to-pick-up-20-9-stake-in-local-confectionary-leader-el-abd\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1023.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"food\",\"M&A Watch\",\"Tanmiya Capital Ventures\"],\"articleSection\":[\"M&A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/12\/tanmiya-capital-ventures-to-pick-up-20-9-stake-in-local-confectionary-leader-el-abd\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/12\/tanmiya-capital-ventures-to-pick-up-20-9-stake-in-local-confectionary-leader-el-abd\/\",\"name\":\"Tanmiya Capital Ventures to pick up 20.9% stake in local confectionary leader El Abd - 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