ZH&P is a leading player in the Egyptian M&A arena, having closed hundreds of transaction on behalf of foreign and local clients. Recently, the Firm has undertaken the largest four major M&A transactions in Egypt post the January 2011 Revolution, representing, Electrolux, France Telecom and Qatar National Bank in multi-billion US Dollar transactions.
The services of the Firm include advising, negotiating on behalf of the client, drafting the necessary documentation, including the share purchase agreements, the shareholders’ agreements, the escrow agreements and any other ancillary documents, as well as supervising the implementation process before the competent authorities and undertaking all the necessary procedures, including any corporate measures up to the finalization of the transaction.
As examples of the most recent accomplishments in this regard are:
1- Representing OCI N.V. in its contemplated acquisition, combined cash and stock tender offer of Orascom Construction Industries for an approximate amount of USD 7.5. Billion (Closed 2013).
2- Representing the Qatar National Bank in acquiring the National Societe General Bank for USD 2.6 billion. This included conducting a full-fledged due diligence investigation, drafting, negotiating and completing the transaction documents, in addition to undertaking all procedures of launching the Mandatory Tender Offer (“MTO”), including drafting all MTO file documents and advising on all MTO rules and regulations, in accordance with the regulations of Egyptian Financial Supervisory Authority (“EFSA”) and the Egyptian Exchange (“EGX”) (closed 2013).
3- Representing France Telecom in acquiring 100% of Mobinil for USD 3 billion, to become one of the largest post-revolution acquisition transactions in the telecommunication sector. This included all procedures regarding launching the MTO, including drafting all MTO file documents, advising on all MTO rules and regulations in accordance with the regulations of Egyptian Financial Supervisory Authority (“EFSA”) and the Egyptian Exchange (“EGX”) (closed 2012);
4- Representing Electrolux International in acquiring the Olympic Group (the biggest group of companies specialized in home electric appliances in Egypt) for USD 500 million. This was the first largest post-revolution acquisition transaction that took place in Egypt. This included conducting a full-fledged due diligence investigation, drafting, negotiating and completing the transaction documents, in addition to undertaking all procedures of launching the MTO, including drafting all MTO file documents and advising on all MTO rules and regulations, in accordance with the regulations of EFSA and EGX (closed 2011).
ZH&P has an outstanding track-record in the areas of Initial Public Offerings (“IPO”), private placements, bond issuing and all other routine matters pertaining to listed companies, including regular dealings with the Egyptian Stock Exchange (“EGX”) and the Egyptian Financial Services Authority (‘EFSA”). In particular, it has played a dominant role in the IPO of companies on EGX, which took place in the Egyptian market during the six years preceding the January 2011 Revolution.
Important IPOs were performed for major clients, including:
- Raya Group of Companies
- Vodafone Egypt Telecommunications S.A.E
- EFG Hermes
- Al-Ezz Steel Rebars
- Arafa Group of Companies
- Taalat Mostafa Group of Companies
- Ghabbour Group of Companies
- Palm Hills for Development
- Juhayna, and Amer Group of Companies.
ZH&P also specializes in the field of securitization and bonds. It has advised on and completed large bond offerings and securitization of receivables (oil and real state backed). Currently, it is advising a major financial lease company on the securitization of its financial leases portfolio, to be one of the largest on the Egyptian market. In the past, it has represented Egyptian General Petroleum Corporation (the “EGPC”) in its oil linked financing transaction. It has also concluded the Underwriting and Bondholders Agreements for an EGP 300 million and USD 34.5 million Bond Issue for Orascom Hotels and Development.