EFG Hermes concludes advisory on Agthia Groups 100% takeover of Emirati BMB Group

ArabFinance: The investment banking division of EFG Hermes (HRHO) has successfully concluded advisory on the strategic acquisition of a 100% stake in the Emirati health snacks company BMB Group carried out by the UAE-based Agthia Group, according to an emailed press release on December 13^th, 2021.

EFG Hermes served as the sole buy-side financial advisor on the transaction.

We are thrilled once again to be further growing our partnership with Agthia to support their ambitious regional and portfolio expansion strategy, Managing Director at the Investment Banking division in EFG Hermes UAE Mohamed Abou Samra commented.

This acquisition marks the third M&A deal we have completed for Agthia this year, following the successful acquisition of Egypt-based protein producer Atyab. The continued trust our clients place in us is proof positive of the teams ability to identify and execute on key growth opportunities for them, Abou Samra added.

On Monday, Agthia Group, listed on the Abu Dhabi Securities Exchange (ADX), announced the completion of its strategic acquisition of a 100% stake in BMB Group from its founders and CO-CEOs Bilal Ballout and Mohamad Khachab, and an investment vehicle controlled by The Panarae Partnership.

Last Thursday, EFG Hermes investment banking division concluded advisory on the $143 million follow-on sale transaction of nearly 126.2 million shares of Abu Qir Fertilizers and Chemical Industries Company (ABUK) on the Egyptian Exchange (EGX)

The group recently completed advisory to Sixth of October Development and Investment Company (SODIC) (OCDI) in the sale of 85.5% of its shares to the Emirati consortium comprised Aldar Properties and Abu Dhabi Developmental Holding Company (ADQ).

In 2021, EFG Hermes has closed 32 transactions at a total value of c.$7 billion, including 11 merger and acquisition deals (M&A) and 11 equity capital market (ECM) transactions.

The leading investment bank recently acted as joint bookrunner on the AED 4 billion listing of ADNOC Drilling on the ADX and as a joint bookrunner on the AED 2.7 billion listing of Yahsat on the ADX.

The group also served as the bookrunner and underwriter on Alkhorayef Water and Power Technologies $144 million initial public offering (IPO) on Tadawul and as the advisor on the sale of 100% of Bank Audi S.A.E to First Abu Dhabi Bank.

It is worth noting that the investment banking division of EFG Hermes successfully closed the issuance of senior unsecured short-term notes valued at EGP 550 million for the Hermes Securities Brokerage Company (HSB).

EFG Hermes is an EGX-listed company that has a presence in 13 countries, including the UAE, Saudi Arabia, Kuwait, Jordan, Oman, and Pakistan.