Matouk Bassiouny & Hennawy has advised Turin Egypt and its investors (SPE Capital-managed fund SPE PEF III, the European Bank for Reconstruction and Development, Tanmiya Capital Ventures and British International Investment, the UK’s development finance institution) in connection with the sale of 100% of the share capital of Tamweely Financial Services S.A.E. to e-finance for Digital and Financial Investments S.A.E., an EGX-listed company, for an upfront consideration of approximately EGP 4.8 billion, comprising 146.1 million newly issued e-finance shares and EGP 956.4 million in cash.

The transaction represents one of the largest exits to date in Egypt’s non-banking financial services sector, bringing together one of Egypt’s largest digital financial infrastructure platforms and one of its fastest-growing MSME lenders.

Tamweely is an FRA-regulated microfinance lender that has expanded its offering to include SME lending, leasing and micro-insurance. Established in 2017, it operates a nationwide network of approximately 250 branches across 24 governorates and has disbursed approximately EGP 20 billion in financing to more than 600,000 clients. The acquisition provides e-finance with direct access to Tamweely’s established MSME lending platform and further strengthens its position in Egypt’s digital and financial services sector.

The transaction is structured as a combination of cash consideration and a share swap in e-finance, comprising 146.1 million newly issued e-finance shares at EGP 26.34 per share, representing approximately 4% of e-finance share capital, together with cash consideration of EGP 956.4 million and a deferred cash consideration linked to the achievement of agreed FY2026 and FY2027 net income targets. The structure required the alignment of four institutional sellers, including two development finance institutions, as well as the coordination of private M&A protections with listed-company disclosure and valuation requirements. Matouk Bassiouny & Hennawy advised on the transaction structure and led the negotiation of the share purchase agreement and the ancillary transaction documents. Completion remains subject to the approval of the Financial Regulatory Authority and the Egyptian Competition Authority and is expected to take place in the second half of 2026.

“We were pleased to support our client and its institutional investors on this complex transaction, which brought together multiple sellers and required careful coordination across M&A and capital markets considerations,” said Tamer El Hennawy, Partner and Co-Head of Capital Markets and Corporate and M&A.

The Matouk Bassiouny & Hennawy team was led by Tamer El Hennawy, Partner and Co-Head of Capital Markets and Corporate and M&A, and Hazem El Guindi, Partner, with Senior Associate, Shaimaa El Fahmy and Associate, Dior Assaf. 

For more information, please contact [email protected].

For more information about the deal: https://enterpriseam.com/egypt/2026/08/12/e-finance-to-acquire-tamweely-for-as-much-as-egp-5-bn/