Egypt: Rockfin appointed as advisor for over 8 transactions worth $161mln in 2023

Egypt: Rockfin appointed as advisor for over 8 transactions worth $161mln in 2023

Egypt - Rockfin, which specializes in consulting and financial services, is managing about eight deals worth up to EGP 5bn and are expected to close before the end of this year.

Sherif Bolbol, managing director and founder of Rockfin, revealed that the operations are divided into five deals in terms of merger, acquisition and capital increase. It is working on a deal to sell a medical supplies company at a value of EGP 1.5bn, and another deal to sell a share in a pharmaceutical company at a value of EGP 300m.

In addition, it is working on a capital increase deal of EGP 200m for a non-banking financial sector company, as well as the selling of a share of the same company at a value of EGP 200m, and selling a share of digital payment companies for EGP 200m-250m.

The company was also a consultant for Cyprus Development Bank during its exit from a factory in Egypt in the gypsum industry in Borg El Arab, Alexandria, at a value of EGP 100m. This amount was transferred to their property according to a debt settlement of one of their clients.

Bolbol explained that there are negotiations with several businessmen from Alexandria to buy this factory,