CI Capital concludes LE 1.47B advisory transaction

CAIRO – 29 November 2017: Investment bank CI Capital said that it has successfully concluded an advisory transaction in relation to Cairo 3A for International Industries’ LE 1.47 billion acquisition of 98 percent of the share capital of National Company for Maize Product (NCMP.CA) through a mandatory tender offer on the Egyptian Exchange (EGX).

The transaction stands as one of the largest equity capital market (ECM) deals executed on the EGX in 2017, a statement from CI Capital said Wednesday.

CI Capital Investment Banking acted as financial advisor to Cairo 3A on the transaction, which saw 98 percent of NCMP shareholders, controlling some 28,827,780 shares, accepting Cairo 3A’s tender offer for 100 percent of NCMP.

“We are delighted to have provided Cairo 3A with best-in-class advisory services on this key transformational transaction,” CI Capital’s Head of Investment Banking, Hesham Gohar, said in the statement.

“This transaction marks the second ECM and the fifth closing for CI Capital Investment Banking in 2017, bringing the total executed value of transactions to LE 5 billion in 2017. We look forward to bringing to market in the months ahead other landmark M&A and equity transactions which are now in our pipeline,” Gohar added.