SPE Capital in Egypt deal
SPE Capital, a private equity firm focused on Africa and the Middle East, has announced an investment in Tamweely.
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SPE Capital, a private equity firm focused on Africa and the Middle East, has announced an investment in Tamweely, a non-banking financial services company in Egypt specialising in serving micro, small, and medium enterprises (MSMEs). The acquisition was made by SPE Capital’s private equity fund, SPE PEF III, in a consortium with the European Bank for Reconstruction and Development, Tanmiya Capital Ventures, and British International Investment.
Established in 2017, Tamweely has emerged as a leading player in the Egyptian non-bank financial services sector, offering financing and ancillary services dedicated to empowering MSMEs.
The investment consortium was advised by MF Strategy, Mediterranean Corporate Finance (MCF), Helmy, Hamza and Partners – a member firm of Baker & McKenzie International, and BLC Robert & Associates (legal advisors), PricewaterhouseCoopers (financial advisor), IBIS Consulting (ESG and impact), and various other consultants on commercial and technical matters.
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