Cairo, Egypt (PRWEB) June 19, 2012
EuroMena II, one of the most active private equity funds in the Middle East has acquired 51 percent of ‘Al Oyoun al Dawli Hospital,’ one of the most prominent medical centers for eye surgery and treatments in Egypt. This is the first investment in the healthcare sector in Egypt post the January 25 Revolution. Financial Advice Corporate Transactions S.A.E. FACT the leading Investment Banking Firm in Egypt acted as financial advisers on the deal. Executive Director Miss Sahar Hassan - Shareholder and Board Member, and Executive Partner Sherif Abdellatif led the team and commented: “The transaction nature as well as industry were attractive, the entity results helped maintain the appetite. The projections were conservative and the bottom line figures coincided with what we had predicted and advocated in the Information Memorandum. For the past 14 years FACT has concentrated on representing a few clients on investment banking deals and only when we were all convinced that it was a “bankable” deal; while we shied away from many transactions that might have appeared attractive but not necessarily closable deals.”
Tahoun Law Office & Consultations acted on behalf of the Sellers on the deal. Nermine Tahoun, managing partner, led the team and comments: “The market instability led to providing terms to secure the buyers rights in case of force majeure and change in law circumstances in addition to the un-forecasted demonstrations that could delay any of the required formalities and procedures to successfully close the transaction. Our law Firm worked in due diligence to act as a deal maker and our firm together with DLA participated in reaching a win, win deal and providing secured articles for both parties.”
About Tahoun Law Office & Consultations
Founded in 1990 by Mohamed Tahoun, the firm specialized in several litigation matters including criminal law and family law disputes. At the beginning of 2009, the Firm was restructured as “Tahoun Law Office & Consultations” with a new vision for serving its' clients business targets and commercial needs. In 2011, The Firm was selected by the International Society of Primerus Law Firms to be a sole and exclusive representative in Egypt as a credible law firm. Tahoun Law Office & Consultations complies with the highest standards of professionalism as exemplified by the six pillars of Primerus.