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EFG Hermes concludes advisory on Agthia Group acquisition of Al Faysal Bakery and Sweets - Daily News Egypt

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EFG Hermes concludes advisory on Agthia Group acquisition of Al Faysal Bakery and Sweets

‘With healthy pipeline of deals in GCC, we expect region’s and in turn the Firm’s deal flow to grow throughout 2021,’ EFG Hermes official


EFG Hermes has announced its investment banking division successfully concluded advisory on Agthia Group’s acquisition of the Kuwaiti company, Al Faysal Bakery and Sweets.

Mohamed Fahmi, Co-Head of Investment Banking at EFG Hermes, said, “I am proud of the team’s ability to conclude high profile, cross-border transactions, despite challenges facing all markets due to the [novel coronavirus] COVID-19 pandemic.”

“The team’s commitment to providing world-class services to our clients, regardless of the operating environment, has enabled us to source and conclude high-profile transactions across multiple jurisdictions,” Fahmi added, “With a healthy pipeline of deals in the GCC, we expect the region’s and in turn the Firm’s deal flow to grow throughout 2021.”

Agthia Group was established in the UAE in 2004 and listed on the Abu Dhabi Securities Exchange (ADX). Through Senaat, Agthia Group is part of ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy.

Agthia Group consists of a world-class portfolio of integrated businesses and brands. It specialises in the manufacturing, distribution, and marketing of various products, including bottled water and other beverages, dairy products, food, and animal feed. Its market spans across the UAE and Turkey, as well as the GCC and wider Middle East.

Established in 1991, Al Faysal Bakery and Sweets brings premium bakery products to the Kuwaiti market, including croissants, mini pizzas, fatayer, cakes, rusk, and puffs. Its products are sold at over 4,000 points of sale (POS), including hypermarkets and supermarkets, cooperative societies, schools and convenience stores in Kuwait.

EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), acted as Agthia Groups’s sole financial adviser on the transaction.

Topics: EFG Hermes

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https://dailyfeed.dailynewsegypt.com/2021/02/01/efg-hermes-concludes-advisory-on-agthia-group-acquisition-of-al-faysal-bakery-and-sweets/
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