- Catalyst Partners Middle East is nearing the completion of its first two acquisition deals for Qardy and Catalyst Partners Holding through share swaps.
- Qardy was valued at EGP 1.16 billion, while Catalyst Partners Holding was valued at EGP 1.64 billion as part of the acquisition deals.
- Catalyst Partners aims to drive growth in the fields of financial leasing, factoring, and financing small and medium-sized enterprises.
Catalyst Partners Middle East intends to acquire majority stakes in two companies: the digital lending platform Qardy and Catalyst Partners Holding. The acquisitions will be executed by increasing its authorized capital from EGP 1 billion to EGP 14 billion.
The fair value of Catalyst Partners Middle East was set at EGP 235 million, while Qardy was valued at EGP 1.16 billion. Qardy shareholders will receive 3.9 new shares for each share they currently own.
Qardy was founded in July 2022 as the first digital lending platform in Egypt targeting micro, small, and medium-sized enterprises. The company has provided over USD 19 million in financing to more than 7,000 businesses.
The second deal involves the acquisition of up to 100% of Catalyst Partners Holding, which was valued at EGP 1.64 billion. Its shareholders will receive 32.9 shares in the capital increase of Catalyst Partners Middle East for each share they hold.
This year, Catalyst Partners is focusing on finalizing the two deals, setting a strategic plan, and injecting new funding, as part of a broader strategy to acquire 6 to 10 companies in the non-banking financial services and fintech sectors.
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