SBA – Grant Thornton, a member firm of Grant Thornton International and a leading independent professional service firm in Egypt, announced today that its Financial Advisory team successfully completed advisory to B Investments, BPE Partners’ flagship investment vehicle, on the acquisition of a c70% stake in Orascom Financial Holding (OFH) via share swap.
The transaction, which saw B Investments acquire 3.311 billion shares in OFH, was valued at EGP 1.46 billion. It is set to unlock significant value for shareholders and will see B Investments and OFH gain access to a diversified portfolio of assets resulting from their combined strength.
Mirette Ghozy, Director of Financial Advisory at SBA – Grant Thornton commented: “We are pleased to have acted as buy-side advisor on this milestone transaction, which capitalizes on SBA – Grant Thornton’s long-standing financial advisory capabilities in the local market and falls in line with our strategy to create lasting, meaningful impact for clients in compelling sectors.
“OFH is home to two key players in the financial solutions space, and with local demand for accessible, tech-driven financing solutions on the rise, its integration into B Investments’ diverse portfolio will serve to strengthen the private equity leader’s position in the market.”
B Investments is an Egypt-based private equity firm deploying growth capital across several impact sectors. Its portfolio includes real estate leader Madinet Masr, food retailer Gourmet Egypt, pharmaceutical giant El Ezaby, investment vehicle B Healthcare Investments, renewable energy firm Infinity Solar healthcare, consumer electronics distributor and retailer Basata as well as e-payment player Basata E-Payments.
OFH is a tech-driven finances services and investment firm with a portfolio including Contact Financial Holding, a leading consumer and structured finance solution provider, as well as Klivvr, a fintech and payments platform.
