EFG Hermes successfully concludes advisory on UAE-based Abu Dhabi Ports Group

EFG Hermes successfully concludes advisory on UAE-based Abu Dhabi Ports Group

- This transaction marks AD Ports’ first ever investment in Egypt – a testament to the significant regional demand in the country’s logistics sector and its solid growth potential

Cairo: EFG Hermes, the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today that its Investment Banking division successfully concluded advisory on AD Ports Company’s acquisition of a 70% stake in two Egypt-based maritime and terminal operating companies, Transmar International Shipping Company (Transmar) and Transcargo International (TCI), for a total purchase consideration (enterprise value) amounting to USD 140 million.

EFG Hermes acted as the sole sell-side financial advisor to Transmar and TCI’s shareholders, with White & Case acting as legal counsel.

Established in 1979 by pioneer Mostafa El Ahwal, and managed by the El Ahwal family, Transmar and TCI have grown to become a pivotal part of the maritime industry in Egypt and the region at large. Boasting an expansive track record of over four decades, the sister companies specialize in container shipping, liner operations, terminal handling operations, stevedoring and warehousing, domestic transportation, integrated logistics, and more. The El Ahwal family and their executive team will remain in management of the two companies after the transaction.

UAE-based AD Ports, the buyer in this