Investment Banking

EGP 98.5 billion

Over 50 transactions closed

Just over the past 8 years

Overview

Beltone Financial’s Investment Banking division is comprised of an innovative and dynamic team of highly experienced professionals carrying out transactions that guide the landscape of the MENA market. Its strength lies in the deep and diverse knowledge of every member of the team, having worked over the past eight years with leading regional and international bulge-bracket investment banks in emerging and developed markets to close over 50 transactions worth EGP 100 billion.
With unrivaled MENA market understanding, strong proficiency across various sectors and product classes, and scrupulous state-of-the-art investment banking practices, we provide our clients with unparalleled attention and expertise at every stage. Our commitment to our clients sees us striving to provide best-in-class advice and execution on complex transactions across products and services. Among these are:

Our Services

  • Financial advisory and capital-raising services
  • Expertise advising and supporting family groups in strategic transformation
  • Assisting clients on cross-border initiatives, such as international players seeking opportunities in MENA or MENA-based companies looking for international expansion or funding
  • All aspects of investment banking; mergers, acquisitions, IPOs, debt raising/restructuring, spin-offs, divestitures, leveraged buy-outs, private placements
  • Advisory services on corporate restructuring, regional and global expansion, and corporate governance

Landmark Transactions

    • LandmarkDeals_01
    • Tender Offer by France Telecom

      • EGP 20.2 bn tender offer by France Telecom resulting in 94% acquisition of Egyptian Company for Mobile Services – Mobinil.
      • Beltone was responsible for transaction structuring advisory on behalf of France Telecom. The transaction represented the largest equity deal executed in the MENA region during 2012.
    • LandmarkDeals_02
    • Initial Public Offering of Amer Group

      • The global offering of Amer Group, a leading real estate developer in Egypt. Beltone, as the Sole Global Coordinator and Bookrunner, advised the business on a complete corporate and organizational restructuring culminating in raising USD 200 million in expansion capital and secondary share sales.
      • Beltone succeeded in attracting significant western institutional demand for the offering, demonstrating strong placement capabilities with international investors.
    • LandmarkDeals_03
    • Orascom Development Holding AG

      • E£ 16.7 bn tender offer by Orascom Development Holding AG resulting in 98% acquisition of Orascom Hotels & Development via a share swap with a cash option.
      • Beltone acted as the sole financial advisor for the company in the tender offer in the largest tender offer in Egypt with around 98% of shareholder opting for the swap thus reducing the financing burden on the company
    • LandmarkDeals_04
    • ENPC

      • Beltone jointly advised ENPC, a fully owned entity by Misr Fertilizer Production Company, on the project finance syndicated facility of USD 1.1 billion for the construction and operation of 2 urea/ammonia production trains.
      • It is considered to be the largest transaction to be fully underwritten by local Egyptian banks. Signing of the loan agreement and drawdown occurred in Dec.09
    • LandmarkDeals_05
    • Samcrete Egypt

      • Beltone advised on the sale of 99.6% of Samcrete Egypt Contractors & Engineers to Samcrete for Engineering Investments through a share swap for a total consideration of E£ 4.1 bn
    • LandmarkDeals_06
    • Initial Public Offering of GB Auto

      • The global offering of GB Auto, the leading automotive player in the Middle East.
      • Beltone advised the family business on a complete corporate and organizational restructuring culminating in raising E£ 1.27 billion in expansion capital in 2007’s most successful IPO in Egypt
    • LandmarkDeals_07
    • Bond Offering of GB Auto

      • The bond offering of GB Auto, the leading automotive player in the Middle East.
      • Beltone advised the publicly listed company on the issuance and listing of an EGP 1.0 billion non-convertible bond
    • LandmarkDeals_08
    • Orascom Development Holding AG

      • CHF 190 million initial public offering for Orascom Development Holding AG.
      • Beltone is the first Egyptian company to co-manage a global public offering for a European based company, Beltone also was the sole listing advisor for the company in Egypt
    • LandmarkDeals_09
    • Abraaj Capital/Al Borg Laboraties

      • Abraaj Capital Ltd acquired Cairo Medical Tower Laboratory S.A.E (Al Borg Laboratories) for a total consideration of EGP 778 million.
      • Beltone counseled Abraaj on a strategy to pre-empt a rival bid and executed in a notably short time period
    • LandmarkDeals_10
    • Amwal Arabia and Arabia Cotton & Ginning Company

      • E£ 734 million share swap between Amwal Arabia and Arabia Cotton & Ginning Company.
      • Beltone engineered a complex capital markets solution to the shareholders of both companies, which created the leading integrated textiles player in the Middle East
    • LandmarkDeals_11
    • GB Auto Joint Venture with Al-Kasid Group

      • E£ 440 million investment in a joint venture with Al-Kasid Group, Hyundai Motor Company’s agent in Iraq.
      • The 50-50 joint venture will act as a vehicle for importing and distributing Hyundai cars and spare parts in Iraq as well as building Iraq’s leading after-sales service franchise.
    • LandmarkDeals_12
    • National Drilling Company

      • E£ 403 million sale of National Drilling Company, an Egyptian drilling company with operations in Libya, to Al Safat Investment.
      • Beltone represented the selling shareholders in divesting 60% of the business