**Cairo: **EFG Hermes, an EFG Holding company and the leading investment bank in MENA, announced today the successful completion of its advisory role on the Accelerated Bookbuild (ABB) for StonePine Ace Partners’ sale of its 7% stake in Taaleem Management Services (TALM.CA), the leading higher education platform in Egypt, marking the fund’s successful exit from the company. EFG Hermes acted as the sole financial advisor and sole bookrunner.
The transaction involved the full exit of StonePine Ace Partners, a joint venture between UAE-based StonePine Capital Partners and ACE & Company SA, from its successful investment in Taaleem Management Services, which was implemented through an Accelerated Bookbuild (ABB), with such exit delivering a 4.8x multiple on invested capital (MOIC)…
**Cairo: **EFG Hermes, an EFG Holding company and the leading investment bank in MENA, announced today the successful completion of its advisory role on the Accelerated Bookbuild (ABB) for StonePine Ace Partners’ sale of its 7% stake in Taaleem Management Services (TALM.CA), the leading higher education platform in Egypt, marking the fund’s successful exit from the company. EFG Hermes acted as the sole financial advisor and sole bookrunner.
The transaction involved the full exit of StonePine Ace Partners, a joint venture between UAE-based StonePine Capital Partners and ACE & Company SA, from its successful investment in Taaleem Management Services, which was implemented through an Accelerated Bookbuild (ABB), with such exit delivering a 4.8x multiple on invested capital (MOIC) in Egyptian Pounds terms and 1.8x MOIC in USD terms for StonePine Ace Partners.
The deal underscores EFG Hermes’ ability to deliver swift monetization options. It reflects the sustained investor interest in the country’s education sector, as well as the growing depth of liquidity in the local capital markets.
Maged El Ayouti, Co-Head of Investment Banking at EFG Hermes, commented: “We are pleased to have supported StonePine Ace Partners in this successful exit from their investment in Taaleem, Egypt’s leading higher education platform. This deal exemplifies our ability to deliver swift, high-quality execution for our clients and reflects the growing investor appetite for quality Egyptian assets. It also underscores the recent increased liquidity in Egypt’s capital markets, serving as a viable option for monetization and value realization for high-quality assets.”
Executed within an accelerated timeframe, the transaction leveraged EFG Hermes’ deep market insight, investor reach, and integrated ECM platform, enabling seamless, efficient execution from client decision to completion.
The transaction adds to EFG Hermes’ track record of driving renewed activity in Egypt’s equity capital markets this year, following the successful listings and ABB transactions of Valu, National Printing and MOPCO, underscoring the strong revival of investor appetite and growing momentum for offerings across diverse industry sectors.
About EFG Holding
EFG Holding (EGX: HRHO.CA – LSE: EFGD) is a financial institution that boasts a legacy of more than 40 years of success in seven countries spanning two continents. Operating within three distinct verticals — the Investment Bank (EFG Hermes), Non-Bank Financial Institutions (NBFI) (EFG Finance), and Commercial Bank (Bank NXT) - the company provides a comprehensive range of groundbreaking financial products and services tailored to meet the needs of a diverse clientele, including individual clients and businesses of all sizes.
EFG Hermes, the leading investment bank in the Middle East and North Africa (MENA), offers extensive financial services, encompassing advisory, asset management, securities brokerage, research, and private equity. In its domestic market, EFG Holding serves as a universal bank, with EFG Finance emerging as the fastest-growing NBFI platform, comprising Tanmeyah, a provider of innovative and integrated financial solutions for small business owners and entrepreneurs, EFG Corp-Solutions, which provides leasing and factoring services, Valu, a universal financial technology powerhouse, Bedaya for mortgage finance, Kaf for insurance, and EFG Finance SMEs, which provides financial services for small and medium enterprises. Furthermore, the company delivers commercial banking solutions through Bank NXT, an integrated retail and corporate banking product provider in Egypt.
Proudly present in: Egypt | United Arab Emirates | Saudi Arabia | Kuwait | Bahrain | Kenya | Nigeria
Learn more about us at www.efghldg.com
For further information, please contact: May El Gammal Group Chief Marketing & Communications Officer of EFG Holding melgammal@efghldg.com
Omar Salama Associate Director of Communications of EFG Holding osalama@efghldg.com
The EFG Holding Public Relations Team PublicRelations@efghldg.com
Note on Forward-Looking Statements
In this press release, EFG Holding may make forward-looking statements, including, for example, statements about management’s expectations, strategic objectives, growth opportunities, and business prospects. These forward-looking statements are not historical facts but instead represent only EFG Holding’s belief regarding future events, many of which, by their nature, are inherently uncertain and are beyond management’s control and include, among others, financial market volatility; actions and initiatives taken by current and potential competitors; general economic conditions and the effect of current, pending, and future legislation, regulations and regulatory actions. Accordingly, the readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made.