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Tuesday, 11 April 2017

EFG Hermes advising on 5-6 transactions worth USD 500-700 mn in 2017

EFG Hermes has a pipeline of five to six IPOs and acquisitions worth a total of USD 500-700 mn for execution this year, the firm’s co-head of investment banking, Mostafa Gad, tells Reuters. The transactions are in sectors including consumer goods, healthcare, and banking.

Meanwhile, EFG Hermes’ RX Healthcare Fund may invest up to 30% of its capital in Egypt if real opportunities with promising revenues are available, said former Health Minister and ex-Dar El Fouad chief Hatem El Gabaly, who has been tapped by the investment bank to lead the fund. He added that the fund will pull the trigger on its first transaction in an unspecified African country “very soon,” Al Borsa reports.

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