21 Oct 2025

"Baker McKenzie Cairo Advises SPE Capital-Led Consortium on Acquisition of Delta Holdings"

"Baker McKenzie Cairo has served as legal counsel for a consortium led by SPE Capital in the acquisition of Delta Holdings, a manufacturer of specialty additives for the paint and coatings industry. The investment, which includes co-investors Proparco and Amethis MENA Fund II, aims to enhance Delta Holdings' product offerings and accelerate its export growth. Hani Nassef, Partner and Head of M&A at Baker McKenzie Cairo, expressed pride in supporting the consortium's sustainable growth mission. The firm provided comprehensive legal services throughout the transaction, involving a cross-border team from various offices."

**Law Firms Involved in the Transaction:** Baker McKenzie Cairo acted as legal counsel to a consortium led by SPE PEF III (SPE Capital), along with co-investors Proparco and Amethis MENA Fund II (Amethis), in the acquisition of Delta Holdings. **Transaction Overview:** The investment aims to support Delta Holdings, a prominent manufacturer of specialty additives in the paint and coatings industry, in expanding its product portfolio and accelerating its export-driven growth strategy. The consortium, in collaboration with Delta Holdings' founders, seeks to reinforce the company's market leadership while maintaining its commitment to customers, employees, and long-standing partners. **Legal Team:** The transaction was led by Hani Nassef, Partner and Head of M&A at Baker McKenzie Cairo, and included the following team members: - Bassem Abdelrahman (Senior Associate) - Ingy Elkady (Senior Associate) - Chirouette Elmasry (Senior Associate) - Hayna Abdelrahim (Associate) - Hala Mohamed (Associate) The cross-border team also included: - George Marshall (Partner, London) - Koen Bos (Partner, Amsterdam) - Suzanne van Balen (Senior Associate, Amsterdam) - Vas Vendantam (Partner, Dallas) Anti-trust advice was provided by: - Mohamed Elfar (Senior Associate, Cairo) - Hania Negm (Senior Associate, Cairo) - Mohamed El Baroudy (Associate, Cairo)
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