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Kamco Invest concludes advisory on sale of Egypt’s GlobalCorp

Kamco Invest concludes advisory on sale of Egypt’s GlobalCorp

ArabFinance: Kuwait-based Kamco Invest has successfully acted as the exclusive sell-side advisor and the sole financial advisor on the sale of a controlling stake in GlobalCorp for Financial Services, according to an emailed press release on May 11th.

The majority stake has been sold to a consortium of investors comprising the European Bank of Reconstruction and Development (EBRD), Amethis, and SPE AIF I, LP (SPE Capital).

Under the transaction, Ezdehar Egypt Mid-Cap Fund Cooperation and the Equity sub-Fund (ESF I) of the SANAD Fund for MSME have fully exited from GlobalCorp.

The Founder, Managing Director, and CEO of GlobalCorp Hatem Samir will cooperate with the new investors to scale up the company’s portfolio and expand into new business segments.

It is worth noting that Matoul Bassiouny acted as the legal counsel to the sellers, while Helmy, Hamza and Partners, a Member Firm of Baker and McKenzie International, served as the legal counsel to the buyers.

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