Amwal AlKhaleej, Redcon to buy 30% stake in Acumen-BPE

Wednesday 16 May 2018 01:04 PM

Amwal AlKhaleej
Amwal AlKhaleej

By Mona Abdel Bary:
The private equity and investment firm Amwal AlKhaleej and Redcon Real Estate Development are involved in negotiations to acquire 30% stake in Acumen-BPE.
Hany Tawfik, partner at Acumen-BPE, said that there are currently negotiations to buy 30% of major shareholders, which are BPE Partners and the investment bank Acumen.
Acumen-BPE shareholding structure includes 45% stake owned by Acumen, 45% stake owned by BPE and the remaining 10% stake is owned by Hany Tawfik. Acumen-BPE is capitalized by EGP 5mn.
In case of completing the acquisition deal, the proposed shareholding structure will include 30% stake owned by the 2 new partners, 30% stake owned by Acumen, 30% stake owned by BPE with the remaining 10% being held by Tawfik, according to Tawfik.
Acumen-BPE has notified Housing & Development Bank Fund Co. about possible changes in shareholding structure, and the company is studying the issue given the fact that the latter’s approval is required to complete the deal.
Amwal Al Khaleej is a private equity firm specializing in growth capital, PIPEs, and buyouts investments in middle market and late venture. It typically invests in cosmetics, fitness, building material, petrochemicals, consumer goods, media, and contracting with the focus on Power and Transportation Sectors. The firm prefers both minority and majority stakes in investments. It makes investment between $ 6.66 million and $79.89 million in companies with enterprise value between $106.51 million and $266.29 million. It seeks to exit its investments within a period of 5 to 7 years.