{"id":668088,"date":"2025-07-09T00:00:00","date_gmt":"2025-07-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/09\/cpme-is-one-step-closer-to-its-first-two-acquisitions\/"},"modified":"2025-07-09T00:00:00","modified_gmt":"2025-07-09T00:00:00","slug":"cpme-is-one-step-closer-to-its-first-two-acquisitions","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/09\/cpme-is-one-step-closer-to-its-first-two-acquisitions\/","title":{"rendered":"CPME is one step closer to its first two acquisitions"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Egypt\u2019s first SPAC draws closer to striking twin acquisition: <\/strong>Shareholders of the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/88ac5801-4921-4b05-a6e4-7167c37d2d7f\" style=\"\" rel=\"noopener\">country\u2019s<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/88ac5801-4921-4b05-a6e4-7167c37d2d7f\" style=\"\" rel=\"noopener\">first-ever special purpose acquisition company (SPAC)<\/a> Catalyst Partners Middle East (CPME) signed off on the firm\u2019s plans to fully take over digital lender Qardy and NBFs player Catalyst Partners Holding in a share swap worth a combined <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d2a7fe86-d095-40ba-aef8-86b64b784806\/the-country%25e2%2580%2599s-first-spac-inches-closer-to-closing-its-first-two-acquisitions\" style=\"\" rel=\"noopener\">EGP 2.8 bn<\/a>, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/508.pdf\" style=\"\" rel=\"noopener\">a press release (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale:<\/strong> This aims to \u201cenhance integration among group entities, and to establish a leading non-banking financial institution focused on fintech and financial innovation, thereby supporting financial inclusion efforts and contributing to the country\u2019s development goals,\u201d the release said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>Shareholders approved the allocation of proceeds from the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1b46b459-2f0e-4b7e-af70-b7c994ae38e8\/mr.-beast-is-renting-the-giza-pyramids-for-a-youtube-video\" style=\"\" rel=\"noopener\">December capital increase<\/a> to support the expansion of Catalyst Leasing and Factoring activities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>CPME became <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/88ac5801-4921-4b05-a6e4-7167c37d2d7f\" style=\"\" rel=\"noopener\">Egypt\u2019s first SPAC<\/a> after receiving the green light from the Financial Regulatory Authority in September 2024, before <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1734a401-c514-45e5-86bd-ec176e5c4f87\/egypt%25e2%2580%2599s-first%253cmark%253e-spac%253c%2Fmark%253e-starts-trading-on-the-egx\" style=\"\" rel=\"noopener\">listing on the EGX<\/a> two months later. The SPAC is currently listed but there\u2019s no trading activity on its shares.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> CPME tapped our friends at Beltone Holding for their investment banking and brokerage services on the transaction and Matouk Bassiouny & Hennawy as counsel. BDO Keys Financial Consulting will act as independent financial advisor and Grant Thornton as tax advisor.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THERE\u2019S MORE TO THE STORY- <\/strong>EnterpriseAM spoke to Catalyst Partners Chairman Maged Shawky to learn more about the acquisitions and CPME\u2019s future plans earlier this year \u2014 check out the story <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d2a7fe86-d095-40ba-aef8-86b64b784806\/the-country%25e2%2580%2599s-first%253cmark%253e-spac%253c%2Fmark%253e-inches-closer-to-closing-its-first-two-acquisitions\" style=\"\" rel=\"noopener\">here<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>CPME  plans to fully take over digital lender Qardy and NBFs player Catalyst Partners Holding<\/p>\n","protected":false},"author":1,"featured_media":668089,"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":[68,72,7128,439],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-668088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-egx","tag-enterpriseam","tag-ma-watch","tag-spacs","wpautop","entry"],"acf":{"mongo_id":"3069a50b-e2a9-437a-b24e-b7af168368c4","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/242.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s first SPAC is one step closer to its first two acquisitions","related_issue":[668076],"teaser":"CPME  plans to fully take over digital lender Qardy and NBFs player Catalyst Partners Holding","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.d52b3219-1b5a-4e23-9e28-a9df06db2782.mp3"},"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>CPME is one step closer to its first two acquisitions - 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\/2025\/07\/09\/cpme-is-one-step-closer-to-its-first-two-acquisitions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CPME is one step closer to 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