21st of October 2020
Sharkawy & Sarhan advised EFG Hermes private equity on the sale of 100% stake in Ridgewood Group
Sharkawy & Sarhan advised EFG Hermes private equity on the sale of 100% stake in Ridgewood Group
By: Mohamed Nabil Hazzaa, Esraa Abdelmoniem, Youmna Fahmy, Hassan El Rashidy and Amr Hafez and Hady Rashed
Keywords: Retail & Consumer Goods
Sharkawy & Sarhan advised EFG Hermes Private Equity on the sale of 100% stake in Ridgewood Group, leading water desalination group companies, to a joint venture between Hassan Allam Utilities and Almar Water Solutions which is part of Abdul Latif Jameel Energy.
The water desalination and treatment sector is receiving a lot of traction recently as one of the sectors that the Egyptian government is very keen to develop. This is driven by the demographic, geo-political and environmental imperatives to ensure water security and best use of resources. The Minister of Housing, Assem El Gazzar, has announced that Egypt is intending to invest around EGP 134.2 billion (approx. USD 8.5 billion) by 2050 to build seawater desalination plants. In addition, the Government is currently embarking on several initiatives to include the private sector in both greenfield and brownfield water treatment projects.
Such projects are expected to take place in different Egyptian governorates including Sinai, Red Sea, Matrouh, Ismailia, Port Said, and Dakahlia and are expected to generate sizable opportunities in greenfield and brownfield project opportunities as well as in M&As.
The team working on this M&A transaction was led by Mohamed N. Hazzaa (Partner), Esraa Abdelmoniem (Managing Associate), Youmna Fahmy (Associate), Hassan Elrashidy (Associate), Amr Hafez (Senior Procedures Lawyer) and Hady Rashed (Procedural Lawyer) .”
The water desalination and treatment sector is receiving a lot of traction recently as one of the sectors that the Egyptian government is very keen to develop. This is driven by the demographic, geo-political and environmental imperatives to ensure water security and best use of resources. The Minister of Housing, Assem El Gazzar, has announced that Egypt is intending to invest around EGP 134.2 billion (approx. USD 8.5 billion) by 2050 to build seawater desalination plants. In addition, the Government is currently embarking on several initiatives to include the private sector in both greenfield and brownfield water treatment projects.
Such projects are expected to take place in different Egyptian governorates including Sinai, Red Sea, Matrouh, Ismailia, Port Said, and Dakahlia and are expected to generate sizable opportunities in greenfield and brownfield project opportunities as well as in M&As.
The team working on this M&A transaction was led by Mohamed N. Hazzaa (Partner), Esraa Abdelmoniem (Managing Associate), Youmna Fahmy (Associate), Hassan Elrashidy (Associate), Amr Hafez (Senior Procedures Lawyer) and Hady Rashed (Procedural Lawyer) .”
SHARKAWY & SARHAN ADVISED EFG HERMES PRIVATE EQUITY ON THE SALE OF 100% STAKE IN RIDGEWOOD GROUP
SHARKAWY & SARHAN ADVISED EFG HERMES PRIVATE EQUITY ON THE SALE OF 100% STAKE IN RIDGEWOOD GROUP
21st of October 2020
By: Mohamed Nabil Hazzaa, Esraa Abdelmoniem, Youmna Fahmy, Hassan El Rashidy and Amr Hafez and Hady Rashed
Keywords: Retail & Consumer Goods
Sharkawy & Sarhan advised EFG Hermes Private Equity on the sale of 100% stake in Ridgewood Group, leading water desalination group companies, to a joint venture between Hassan Allam Utilities and Almar Water Solutions which is part of Abdul Latif Jameel Energy.
The water desalination and treatment sector is receiving a lot of traction recently as one of the sectors that the Egyptian government is very keen to develop. This is driven by the demographic, geo-political and environmental imperatives to ensure water security and best use of resources. The Minister of Housing, Assem El Gazzar, has announced that Egypt is intending to invest around EGP 134.2 billion (approx. USD 8.5 billion) by 2050 to build seawater desalination plants. In addition, the Government is currently embarking on several initiatives to include the private sector in both greenfield and brownfield water treatment projects.
Such projects are expected to take place in different Egyptian governorates including Sinai, Red Sea, Matrouh, Ismailia, Port Said, and Dakahlia and are expected to generate sizable opportunities in greenfield and brownfield project opportunities as well as in M&As.
The team working on this M&A transaction was led by Mohamed N. Hazzaa (Partner), Esraa Abdelmoniem (Managing Associate), Youmna Fahmy (Associate), Hassan Elrashidy (Associate), Amr Hafez (Senior Procedures Lawyer) and Hady Rashed (Procedural Lawyer) .”
The water desalination and treatment sector is receiving a lot of traction recently as one of the sectors that the Egyptian government is very keen to develop. This is driven by the demographic, geo-political and environmental imperatives to ensure water security and best use of resources. The Minister of Housing, Assem El Gazzar, has announced that Egypt is intending to invest around EGP 134.2 billion (approx. USD 8.5 billion) by 2050 to build seawater desalination plants. In addition, the Government is currently embarking on several initiatives to include the private sector in both greenfield and brownfield water treatment projects.
Such projects are expected to take place in different Egyptian governorates including Sinai, Red Sea, Matrouh, Ismailia, Port Said, and Dakahlia and are expected to generate sizable opportunities in greenfield and brownfield project opportunities as well as in M&As.
The team working on this M&A transaction was led by Mohamed N. Hazzaa (Partner), Esraa Abdelmoniem (Managing Associate), Youmna Fahmy (Associate), Hassan Elrashidy (Associate), Amr Hafez (Senior Procedures Lawyer) and Hady Rashed (Procedural Lawyer) .”
