Baker McKenzie Cairo has advised Tanmiya Capital Venture Fund II ("TCV II") on the minority investment in El Abd Company for Investment, Manufacturing, and Confectionery Trading S.A.E. ("El Abd"), the owner of the renowned patisserie 'Alabd'.
TCV II is an Egypt-focused private equity fund that aims to invest in growing companies across various sectors. Through this investment, TCV II intends to enhance El Abd's growth and market presence by leveraging its resources. By integrating El Abd's extensive product range, robust manufacturing capabilities, and established distribution networks, this partnership will significantly strengthen El Abd's position as one of the largest and oldest confectionery retailers in Egypt.
Leading on the transaction, Hani Nassef, Partner and Head of M&A at Baker McKenzie Cairo, said: "We are proud to have played a pivotal role in this landmark transaction. The investment will broaden El Abd's market influence, potentially setting a precedent for industry consolidation, leading to streamlined operations and improved economies of scale. We look forward to witnessing the positive impact it will have on the confectionery sector in Egypt."
The Cairo team at Baker McKenzie was led by M&A Partner Hani Nassef, Counsel Zeinab Shohdy and Senior Associate Omar Zaki.
This transaction further augments our distinguished portfolio of private equity-led cross-border M&A mandates, reflecting the consistent quality of work delivered by our Baker McKenzie (Cairo) in the M&A domain.