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Private Equity closes transaction

16th Dec 2014 07:41

RNS Number : 8639Z
EFG-Hermes Holdings SAE
16 December 2014
 

 

U

 

 

 

EFG Hermes Holding S.A.E.

 

 

Cairo, December 16th 2014: EFG Hermes announces that its Private Equity arm closed the previously announced USD208 million acquisition of a 49% stake in EDPR France yesterday, thus increasing the company's Private Equity assets under management by 33% to reach USD0.8 billion.

 

The USD208 transaction has been funded through debt and equity. Nearly half of transaction was funded through an acquisition finance facility secured from leading European banks. EFG Hermes provided seed capital of approximately USD5 million for the equity component of the transaction, while the remainder of the equity financing was raised from the GCC.

 

Under the terms of the agreement, EFG Hermes's Private Equity arm will manage the investment vehicle.

 

 

For further information:

 

Investor Relations Department

Email: [email protected]

Tel: +20 (0)2 35356710

Fax: +20 (0)2 3535 7017

 

Head of Investor Relations - Hanzada Nessim

Email: [email protected]

Tel: +20 (0)2 35356502

Fax: +20(0)2 3535 7017

 

 

www.efg-hermes.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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