Baker McKenzie advises a consortium led by SPE Capital on its strategic acquisition of Tamweely Microfinance

Baker McKenzie has successfully advised a consortium of investors on its strategic acquisition of Tamweely Microfinance S.A.E (“Tamweely”), Egypt’s premier non-banking financial services provider, specializing in serving micro, small and medium enterprises (MSMEs). The consortium signed agreements to acquire Tamweely from its shareholders: Ayady for Investment & Development S.A.E, NI Capital Holding for Financial Investments S.A.E , and Post for Investment Company S.A.E, subject to obtaining the relevant regulatory approvals.

The consortium, led by SPE Capital, included SPE PEF III (SPE Capital), the European Bank for Reconstruction and Development (EBRD), Tanmiya Capital Ventures (TCV) and British International Investment (BII).

Hani Nassef, M&A Partner at Helmy, Hamza & Partners, who led the Baker McKenzie team on the transaction, commented: “We are privileged to have advised the consortium in this pivotal acquisition of Tamweely. This transaction plays a crucial role in supporting the Egyptian government’s effort to enhance financial inclusion and empower the MSME sector, which is the backbone of the economy. By enabling greater access to finance, Tamweely’s growth will further drive entrepreneurship and innovation across Egypt.”

Baker McKenzie’s comprehensive cross-border and cross-practice team provided legal counsel on all aspects of the transaction, including due diligence, consortium arrangements, full suite of transaction documents, drafting, negotiation, and risk mitigation, leading to the successful signing of the deal. The team was led by Partner Hani Nassef (M&A, Cairo) and included:

• Corporate/M&A: Bassem Abdelrahman (Counsel, Cairo), Mohamed Abdelhalim (Counsel, Cairo), Ingy El-Kady (Senior Associate, Cairo), Hayna Abdelrahim (Associate, Cairo), Hala Mohamed (Associate, Cairo), George Marshall (Partner, London) and Laura Gonzalez (Senior Associate, London)
• Anti-trust: Mohamed Elfar (Counsel, Cairo) and Mohamed Elbaroudy (Associate, Cairo)

This acquisition marks another significant milestone in Baker McKenzie’s efforts to support transformative transactions across the Middle East, fostering economic growth and development in the region.