Baker McKenzie Cairo has acted as legal counsel to a consortium led by SPE PEF III (SPE Capital), a leading private equity firm focused on growth investments across Africa and the Middle East, as lead investor in the acquisition of Delta Holdings, a prominent manufacturer of specialty additives with a focus on the paint and coatings industry.
The investment, executed in partnership with co-investors Proparco and Amethis MENA Fund II (Amethis), will support Delta Holdings in expanding its product portfolio and fast-track its export-driven growth strategy. In collaboration with the company’s founders, Delta Holdings will continue to reinforce its market leadership while maintaining its strong commitment to customers, employees, and long-standing partners.
Leading on the transaction, Hani Nassef, Partner and Head of M&A at Baker McKenzie Cairo, said: “We are proud to support all consortium members in their mission to drive sustainable growth across the region. This transaction highlights our ability to navigate complex, multi-jurisdictional deals and deliver strategic value to our clients. We wish SPE Capital, Proparco, Amethis and Delta Holdings every success in their new partnership.”
Baker McKenzie Cairo provided comprehensive legal counsel across all stages of the transaction, including structuring, due diligence, transaction agreements, regulatory advice and closing.
Our cross-border team was led by Hani Nassef and included Bassem Abdelrahman, Ingy Elkady, Chirouette Elmasry, Hayna Abdelrahim and Hala Mohamed in Cairo. The team was supported by George Marshall (Partner) in London, Koen Bos (Partner) and Suzanne van Balen (Senior Associate) in Amsterdam and Vas Vendantam (Partner) in Dallas. Anti-trust advice was provided by Mohamed Elfar, Hania Negm and Mohamed El Baroudy out of our Cairo office.
The investment, executed in partnership with co-investors Proparco and Amethis MENA Fund II (Amethis), will support Delta Holdings in expanding its product portfolio and fast-track its export-driven growth strategy. In collaboration with the company’s founders, Delta Holdings will continue to reinforce its market leadership while maintaining its strong commitment to customers, employees, and long-standing partners.
Leading on the transaction, Hani Nassef, Partner and Head of M&A at Baker McKenzie Cairo, said: “We are proud to support all consortium members in their mission to drive sustainable growth across the region. This transaction highlights our ability to navigate complex, multi-jurisdictional deals and deliver strategic value to our clients. We wish SPE Capital, Proparco, Amethis and Delta Holdings every success in their new partnership.”
Baker McKenzie Cairo provided comprehensive legal counsel across all stages of the transaction, including structuring, due diligence, transaction agreements, regulatory advice and closing.
Our cross-border team was led by Hani Nassef and included Bassem Abdelrahman, Ingy Elkady, Chirouette Elmasry, Hayna Abdelrahim and Hala Mohamed in Cairo. The team was supported by George Marshall (Partner) in London, Koen Bos (Partner) and Suzanne van Balen (Senior Associate) in Amsterdam and Vas Vendantam (Partner) in Dallas. Anti-trust advice was provided by Mohamed Elfar, Hania Negm and Mohamed El Baroudy out of our Cairo office.
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