Egyptian-American Enterprise Fund acquires major investment in Sarwa Capital S.A.E.

Led by two senior partners, Ashraf Elibrachy and Tarek Gadallah, I&P acted as legal advisor to the Egyptian-American Enterprise Fund (“EAEF”)  in relation to a conditional binding agreements to invest in Sarwa Capital S.A.E. (“Sarwa Capital”), a pioneer in consumer finance, leasing and securitization in Egypt. The transaction includes the injection of US$20 million of new capital to enhance the company’s capital base, in addition to acquiring some existing stakes giving EAEF a majority stake in the business.

Closing of the transaction is subject to the satisfaction of customary closing conditions.