EFG Hermes Concludes Advisory on Agthia Group’s Acquisition of Ismailia Investments
EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), announced today that its Investment Banking division successfully concluded advisory on UAE-based Agthia Group’s acquisition of a majority stake in Egyptian processed meat producer Ismailia Investments (ATYAB).
Mohamed Abou Samra, Managing Director at the Investment Banking division of EFG Hermes commented on the transaction: “We are delighted to once again partner with Agthia to support their ambitious regional growth and portfolio expansion strategy. We take pride in our unwavering commitment to clients and ability to provide best-in-class advisory services tailored to their individual requirements, which allows us to support the timely execution of M&A transactions. This has helped us build long-term relationships with key clients such as Agthia and conclude significant transactions across multiple jurisdictions. Today, we have a solid pipeline of deals secured in the GCC, where we expect deal flow to ramp-up in the year ahead.”
Established in the UAE in 2004 and listed on the Abu Dhabi Securities Exchange (ADX), Agthia Group is a leading Abu Dhabi based food and beverage company. Through Senaat, Agthia Group PJSC is part of ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy. It specializes in manufacturing, distributing and marketing various products including water, snacking, grocery, processed protein, flour and feed. The Company’s assets are located in the UAE, Saudi Arabia, Kuwait, Oman, Egypt, Turkey and Jordan.
Atyab has a portfolio of four brands – Atyab, Meatland, Shiketita, and Furat – catering to the value, economy, and premium segments of Egypt, the region’s largest consumer market. It has an impressive processing capacity of around 70,000 tons per year through its facilities and production lines, including a 60,000 sqm manufacturing facility.
The transaction saw Agthia acquire a majority stake of 75.02% in Atyab. Founder Attito Raslan will retain a stake in Atyab and continue to grow the business by leveraging Agthia’s financial strength, regional reach, and industry expertise.