Dreny & Partners Advises Amer Group Subsidiaries on EGP 451 Million Securitization

Dreny & Partners advised Amer for Touristic Development Company and Tropi 2 for Touristic Development Company, both subsidiaries of Amer Group, in connection with a securitization transaction. The transaction comprised a securitization in the amount of EGP 451 million backed by a receivables portfolio originated by Amer for Touristic Development Company and Tropi 2 for Touristic Development Company. The operation forms part of a broader three-year multi-issuance programme with a total ceiling of EGP 4 billion. EFG Hermes Promoting and Underwriting S.A.E acted as financial advisor and lead arranger for the transaction, and also participated as an underwriter alongside Al Baraka Bank and Commercial International Bank, the latter of which served as custodian. The Industrial Development Bank acted as bookrunner, while KPMG served as the official auditor for the transaction. Dreny & Partners represented Amer for Touristic Development Company and Tropi 2 for Touristic Development Company with a team composed by: senior associate Sherine El Menyawy (capital markets); managing associate Aya Khaled (capital markets); senior associate and head of capital markets procedures team Nagy Ebied (capital markets procedures); associate Mohamed Youssef (capital markets); and junior associates Farah Younis and Hania ElGamal (capital markets).

Dreny & Partners Advises Amer Group Subsidiaries on EGP 451 Million Securitization

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