1. GDR issue for Cement Company

Appointed as the Investment Banking Advisor to the Metallurgical Industries Holding Company to advise them in relation to the US $ 120 million GDR issue for Cement Company; in particular managing the process, the selection of the investment banking firm , negotiation with the investment bank, advising on the marketing strategy participating with them the road show, reviewing the prospectus and documentation. Also advised tthe HC on the selection of the Custodian and Depository Banks.

2. Electricity BOOT

Appointed as the Local Investment Banking Advisor to Intergen- USA  a large multinational  in its succesfull bid for the US $ 540 million power BOOT project for Egypt. The bid has been presented and our group was  the lowest bidder and has been awarded the BOOT contract.  has adviced on the structure of the financial bid including the possibility of raising  Local Corporate Bonds and also the issuance of local shares. This is the first BOOT project in Egypt and we expect more assignments in this field in particular in the Electricity and Water Sectors.

3. Metallurgical Industries Holding Company

    Egyptian Company for Railway Wagons & Coaches (SEMAF)

Acted as the Investment Banking Advisor for the holding company in relation to the privatization of SEMAF on a joint venture  basis. The assignment included the valuation of potential growth and negotiation with possible foreign anchor investors. Presented a detailed analysis of SEMAF before and after the acquisition and the best possible business and financial scenarios to achieve the highest benefit from creating the Joint Venture.  A detailed  “Joint Venture Strategic Report” for SEMAF was presented that included a valuation, based on the DCF method, for the possible joint venture scenarios between SEMAF and an International Foreign Anchor Investor. It also included the design of the financial structure of the joint venture, the advise on the optimal capital structure and level of debt required. The study included a detailed review of the local market including the relationship with the Egyptian National Railway Authority as well as a complete study on the export market for the new joint venture.

Presented to the Holding Company its recommended options for the negotiation strategy and is acting as the advisor to the Holding Company in the negotiations with Foreign Anchor Investors.

4. Delta Industrial Company

(Ideal)

Bank of Alexandria, Egyptian American Bank and us  were assigned as sales agent for the sale of Ideal, to an anchor investor, by the Engineering Industries Holding Company. Ideal, one of the large and leading companies manufacturing house hold appliances is offered for sale according to the privatization program of the Holding Company. Our  main role involves the marketing of the investment opportunity to anchor investors on behalf of the Holding Company and preparation of sale documents.

5. The Acquisition of The Islamic Investment Bank

We have been mandated by a prominent  group of investors to act as their Investment Banking  Advisor for the acquisition of The Islamic Investment Bank. The assignment entailed the negotiation with the current owners i.e. the four Government-Owned Public Sector Banks, the valuation of the share price and the preparation of a strategic plan for the investors that would be subsequently presented to the  Central Bank of Egypt. Also reviewed the increase of the paid in capital of  the Bank and outline the bank’s future activities under the new management. The Bank is a listed stock but not actively traded.

6. Real Estate Development Engineering Company

We have  been mandated by a local Group of Companies to be their Investment Banking Advisor and assist them in the sale of three hotels to anchor investors. The scope of work included  determining the selling price based on the Discounted Cash Flow and the Market Value of Assets Methods as well as marketing the resorts to potential investors. The study entailed as a first stage conducting a tourism market study that covered Egypt in general, Gulf of Aqaba and Sharm El Sheikh  in particular to determine the expected market share of the resort and project future revenue. The assignment included the preparation of an information memorandum to be used as a marketing tool to potential investors. It also included the search for potential investors and negotiations.

7. Private Sector Holding Company

We have been  mandated by a private local group to valuate all their companies that are engaged in different activities with the purpose of incorporating a holding company. In the process of floating twenty percent of the Holding Company after its incorporation on the Cairo Stock Exchange. A large team of legal, financial, marketing and investment bankers is engaged in this large exercise that is vital to the client and to our company. The assignment is critical as it sets new trends in the Egyptian Local market characterized by Private Sector companies being quoted on the stock market which means more visibility for them and more transparency of their financial wealth. Preparing all the stock market primary offering documentation including a detailed prospectus, establishing brokerage relations, supervising execution and the clearing of stocks.

8. The Housing, Tourism & Cinema Holding Company

8.1 Dahab Company                                                                                   8.2  El Marasy Company

These assignments were conducted by us together with the Egyptian American Bank for which a mandate was obtained from the holding company. As their Investment Banking Advisors, work carried out included the valuation and partial sale of shares of the above mentioned company.

8.3  Al Ahram Beverages Co.

We and the Egyptian American Bank succeeded in forming a local bidding group, composed of prominent local businessmen, and obtained a mandate to act as their Investment Banking Advisors for the acquisition of Al Ahram Beverages Company.  We also organized an extended quest for the identification of an appropriate foreign anchor investor and management for the company. Moreover conducted a DCF valuation and prepared  a recommendation to the investment group on the acquisition price.

9. CBR – Heidelberger Zement

We have  awarded the Investment Banking Mandate by this third largest company in the World  in Cement  to advise them on their acquisitions strategy in the Cement industry In Egypt. As such we have advised them on the acquisition of LE 1.4 Billion for Beni Suef Cement Company. Our advice focused on managing the bidding process on their behalf including in particular the terms and conditions of the bid, the negotiation with the Holding Company and the Minister of Public Enterprise on the financial terms and conditions we have also responsible to identify the local Joint Venture partner among a selected group of influential local companies interested in the sector. The  scope also included the raising of the necessary equity from financial investors and raising the needed local currency debt and negotiating its terms and conditions with the leading banks in Egypt.

We have continued its assignment with the same above mentioned scope with CBR- Heidelberger Zement to acquire Assiut Cement Company. These two assignments ended late 1999.

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