We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as legal counsel to Catalyst Partners in connection with the commencement of trading of Egypt’s first Special Purpose Acquisition Company (“SPAC”), Catalyst Partners Middle East (“CPME”), on the Egyptian Stock Exchange.

The launch of CPME follows the completion of a series of strategic acquisitions, resulting in a combined issued capital of approximately EGP 3 billion. CPME commenced trading at levels above its nominal value, marking a significant milestone for the Egyptian capital markets and reinforcing the role of SPACs as an alternative vehicle for growth and acquisitions, particularly in the non-banking financial services and financial technology sectors.

MBH advised on the transaction through its final stages, supporting Catalyst Partners in achieving this landmark listing within Egypt’s evolving regulatory framework.

The MBH team advising on the transaction was led by Mohamed Abdel Fattah (Partner and Head of Capital Markets) and also included Mohamed Galal (Counsel) and Khaled Abdelwahab (Senior Associate).

MBH is proud to have supported Catalyst Partners through this milestone and to have been part of the journey leading to the successful launch of Egypt’s first SPAC.

For more about Matouk Bassiouny, visit https://matoukbassiouny.com/.

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