Matouk Bassiouny Advised AfricInvest Group on Minority Stake Investment in Arrow Holding
The leading, full-service law firm with a strong regional presence across the Middle East and North Africa (MENA), Matouk Bassiouny (MB), acted as legal counsel to AfricInvest Group in connection with its acquisition of a minority stake in Arrow Holding, a leading HR-technology and staffing group operating through multiple subsidiaries across Africa and the Middle East.
The investment, made through AfricInvest Fund IV and marking the fund’s tenth transaction, will support Arrow’s digital transformation and expansion across Africa’s growing staffing and outsourcing markets, while reinforcing the fund’s focus on mid-sized businesses with regional growth potential.
The MB team advising on the transaction was led by Omar Bassiouny (Founding Partner and Group Head of Corporate and M&A), and included Ossama Abouzaid (Counsel), Mariam ElGabry (Associate), Nourhan Sayed Shaaban (Associate), and Yasmine Attia (Associate).
The MB UAE team was led by Mohamed Essam (Partner, Head of Corporate and M&A UAE and FinTech ECVC), and included Moustafa Rizk (Senior Associate), Ahmad Hatem Mazen (Associate), and Pareen ElNashar (Associate).
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