Kamco Invest successfully leads the sale of GlobalCorp in Egypt

Kamco Invest successfully leads the sale of GlobalCorp in Egypt

Established in 2015, GlobalCorp is a leading Egyptian non-banking financial institution that focuses on leasing and factoring solutions for corporates as well as small and medium-sized enterprises (SMEs). GlobalCorp transformed into a full non-banking financial institution by finalizing the license to operate its consumer finance arm. The Company’s leased assets include production lines, equipment and machinery, vehicles, and commercial/industrial real-estate, with a product portfolio that covers a range of short-term financing solutions. Since inception, GlobalCorp extended EGP 13 billion (USD 715 million) of credit over 800+ leasing and factoring contracts spanning more than 30 industries, with over 25% of its portfolio serving SMEs and green financing. The Company also arranged Egypt’s first and largest factoring syndication and completed its first securitization at the end of 2021.

The stake in GlobalCorp was sold to a consortium of investors including Amethis, the European Bank for Reconstruction and Development (“EBRD”), and SPE AIF I, LP (“SPE Capital”). The consortium aims to work closely with Hatem Samir and GlobalCorp’s highly capable management team to further scale the Company’s portfolio and expand into new business segments.

Abdullah M. AlSharekh, Managing Director of Markets and Investment Banking at Kamco Invest, said, “This transaction marks another successful mergers and