Baker McKenzie Cairo Acts for a Consortium Led by Africinvest on a Strategic Sale in the Digital Payments Sector

Baker McKenzie Cairo has acted as legal counsel to a consortium led by Africinvest, a leading African private equity firm, in connection with the sale of a stake in a group of companies operating the digital payment cards sector. 

The transaction reflects the growing appetite for scalable digital financial services across Africa and the Middle East. 

Commenting on the transaction, Hani Nassef, Partner and Head of M&A at Baker McKenzie Cairo, said: "We’re pleased to have supported the consortium led by Africinvest on this strategic transaction, which highlights our team’s ability to deliver seamless legal counsel across multiple jurisdictions. It is another important transaction for our busy multi-jurisdictional M&A team."

The Baker McKenzie cross-border and cross-practice team advised on all the legal aspects of the transaction. The team was led by Cairo Partner and Head of M&A, Hani Nassef, and further included Ingy Elkady (senior associate), Omar Zaki (senior associate), and Hala Mohamed (associate).

An additional support on regulatory and transactional structuring of the transaction was provided by BLC Robert & Associates, business law firm in Mauritius.