Dreny & Partners advised Amer and Tropi 2 for Touristic Development Company on EGP 451 million securitization
The leading, full-service independent law firm based in Egypt, Dreny & Partners advised Amer for Touristic Development Company and Tropi 2 for Touristic Development Company, both subsidiaries of Amer Group, on a securitization transaction amounting to EGP 451 million.
The transaction, backed by a receivables portfolio originated by Amer and Tropi 2 for Touristic Development Company, forms part of a broader three-year multi-issuance program totaling EGP 4 billion.
EFG Hermes Promoting and Underwriting S.A.E served as financial advisor and lead arranger for the transaction, and also acted as an underwriter along with Al Baraka Bank and Commercial International Bank, which also served as the custodian. The Industrial Development Bank acted as bookrunner, while KPMG served as the official auditor for the transaction.
The Dreny & Partners capital markets team advising on the transaction included Sherine El Menyawy (Senior Associate), Aya Khaled (Managing Associate), and Farah Younis and Hania ElGamal (Junior Associates). In addition, Nagy Ebied (Senior Associate and Head of Capital Markets Procedures Team) and Mohamed Youssef (Associate) also worked on the transaction.
Dreny & Partners is a leading, full-service independent law firm in Egypt that specializes in business and commercial law, with a strong focus on capital markets, banking and finance, and M&A. The firm, founded in 2018, is known for advising multinational corporations, governmental institutions, and financial entities on complex, high-profile transactions both locally and internationally.
They are highly regarded for their expertise in innovative financial solutions, particularly in securitization and Islamic finance (Sukuk).
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