Al Ahly Pharos Investment Banking announce the successfulClosure  acquisition of 51% of the share capital of EasyLease from Elsewedy Capital Holding. Al Ahly Pharos acted as exclusive financial advisor and broker for the transaction.

 

Cairo – Tuesday, March 19, 2024 – Al Ahly Capital Holding (ACH)- the investment arm of National Bank of Egypt-announces the signature of the Share Purchase Agreement (“SPA”) for the sale of 102MN Shares (51%) of the share capital of EasyLease from Elsewedy Capital Holding. Al Ahly Pharos acted as the exclusive financial advisor and broker for the transaction.

 

EasyLease started its operation in June 2021 with an authorized capital of EGP 500 MM & a paid in capital of 200 MM. The company is a part of Elsewedy Capital Holding, inaugurated with the aim to provide easy & innovative financial solutions that reinforce clients Operational & Financial performance. Their financial leases and factoring are to be complemented by operating lease soon.

 

Quote of Mr. Karim Saada ….

“Today we enter into a partnership with Elsewedy Capital with a joint aim to unleash the potential of EasyLease through the vertical and horizontal expansion of the company’s offerings. This transaction brings together a unique story of strong partnership with a unified vision for growth, a company at the perfect stage to grow, and one of the strongest management teams in the market of leasing and factoring to lead this growth. We are excited to the outcome of this journey which we are sure will enrich the market of the NBFIs”.  Karim Saada, Managing Director & CEO of Al Ahly Capital Holding

 

 

Quote of Eng. Ahmed El Sewedy ….

“As we join forces with Al AhlyCapital, leveraging their substantial financial capabilities, we are poised to elevate EasyLease to new heights in funding, client relationships, and credibility. The strategic alliance between Elsewedy and Al Ahly instills confidence in our partners and paves the way for significant growth ahead. Our vision is to establish one of Egypt’s premier leasing entities, underpinned by a robust leadership team with a wealth of experience.” – Eng. Ahmed Elsewedy, Chairman of Elsewedy Capital Holding

 

 

Quote of Mr. Ahmed El Kholy…

Mr. Ahmed El kholy – EasyLease CEO reveals that Easy lease soars to new heights with Acquisition by Al Ahly Capital Holding. Also he mentioned that this strategic pivot marks a significant milestone for Easy Lease, empowering its financial capabilities, and potentially diversifying its financial resources. This newfound strength will allow Easy Lease to strongly serve a wider customer base and expand its financial services proposition locally and regionally as well.

 

 

 

Quote of Mr. Ahmed Heider

“We are very proud of our instrumental role in forming a prestigious partnership between El Sewedy Group, one of the largest conglomerates in the region, and Al Ahly Capital Holding, the leading financial institution in Egypt. We believe that this transaction will enrich the growth prospects of EasyLeaee and will further develop the NBFI sector at large. With the skill and expertise of our M&A team, the transaction was successfully concluded and demonstrated the value that we deliver to our clients.I would like to take this opportunity to thank El Sewedy Group for their trust and I wish Al Ahly Capital a successful journey in achieving their ambitious growth plans with EasyLease.”Ahmed Heider , CEO and Managing Director of Al Ahly Pharos Investment Banking.

 

ADSERO – Ragy Soliman and Partners law firm was the sell-side legal advisor and ALC Alieldin Weshahi & Partners was the buy-side legal advisor. Grant Thornton was the financial and tax due diligence advisor. Al Ahly Pharos Investment Banking was the sole financial advisor and Al Ahly Pharos Securities Brokerage was the sole transaction broker.

 

 

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About Al Ahly Capital:

ACH was established in 2008 as the investment arm of the National Bank of Egypt (NBE) with an issued and paid in capital of EGP 5bn. The company was established with the aim of generating superior returns through the acquisition of influential stake across proprietary transactions, creating value across the sectors in which it invests as well as the Egyptian economy. As of 2023, ACH Group’s AUMs marked c. USD 2.5bn

Today ACH operates a full range of services through three strategic pillars: Private Equity, Capital Markets, and Non-banking Financial Services. This has allowed it to carve out a unique positioning in the market by providing innovative, holistic investment solutions backed by a solid financial foundation such as NBE.

 

About Elsewedy Capital Holding:

Elsewedy Capital Holding is an Egyptian investment company that was established in 2018.

Elsewedy Capital focuses on investing in various sectors, including real estate and hospitality, education, non-banking financial services, insurance, automotive and more. With a focus on building strong connections and establishing a strong on-ground presence, Elsewedy Capital has successfully diversified its sectorial exposure.  Currently managing an investment portfolio that exceeds USD 700 million, making it a significant player in the market. The company aims to leverage its extensive network, expertise, and resources to support the growth and development of its portfolio companies.

 

About EasyLease:

Easy Lease, currently, leverage on a robust and well-diversified portfolio encompassing different industries and leased assets, reinforced by unique digitalized infrastructure. It has strongly expanded its customer base, surpassing 100 clients over a short span of only two years with promising future outlook. Looking ahead, Easy Lease plans to capitalize on ‘ACH’  extensive experience and resilient capabilities to apply its new expansion strategy. This includes the development of  new customized financial services tailored to satisfy clients’ evolving needs. The existing Easy Lease management team will remain at the forefront, collaboratively work with ACH to ensure the ultimate benefit of this milestone. Easy Lease wants to extend its gratitude to all relevant stakeholders, especially our valued clients. Their unwavering support and  partnership all over the past few years since inception were crucial to reach this position. Easy Lease commits to continue to fulfil their expectations in the future. 

 

 

 

About Al Ahly Pharos:

Al Ahly Pharos Investment Banking offers the full range of financial services in both Equity and Debt Capital Markets. Equity Capital Markets platform offers financial advisory, promoting and underwriting of securities of primary and secondary equity offerings, mergers, and acquisitions advisory. Debt Capital Markets platform offers debt advisory and structuring, promoting and underwriting of debt securities, and issuance of conventional and sharia-compliant products.