CI Capital Announces Completion of Agthia Group’s Acquisition of 60% of Auf Group

November 30, 2022

CI Capital (CICH.CA), the leading diversified financial services group, announced today that its investment banking division completed the advisory to Agthia Group PJSC, one of the region’s leading food and beverage companies, on its acquisition of a 60% stake in Auf Group, a specialized healthy snacks and coffee manufacturer and retailer in Egypt.

Agthia Group has acquired a 60% of Auf Group, with Auf Group’s founders retaining a 30% stake, and Tanmiya Capital Ventures (TCV) remains a shareholder with a 10% stake.

Amr Helal, CEO of the Investment Bank (Sell-Side) at CI Capital commented, “CI Capital continues to ramp up its cross-border deal execution capabilities, having advised on M&A and ECM deals with an aggregate value exceeding USD 1.6 billion in the past 18 months.”

“This deal marks a continuation of CI Capital’s plans to reinforce its position as the leading advisory house in the Egyptian market, and builds up to its regional expansion plans as we continue to advise leading regional clients including Agthia, Al-Dar, ADQ Holding, Blom Bank Lebanon, ADCB, among others in landmark transactions,” Added Helal.

“The team’s ability to source, advise on and conclude landmark M&A transactions involving leading regional investors reflects our commitment in playing a vital role in attracting foreign direct investment in Egypt,” Concluded Helal.