Al Kamel has had a good run of things lately especially in banking and finance work, for which it is widely considered one of the leading firms and in M&A.One of the firm's major clients is Palm Hills Developments and through 2010 it advised the company on two syndicated facilities totalling $100 million as well as three further facilities totalling $135 million in order to finance a new real estate project in the Sixth October City, a project in New Cairo District and the construction of a mall....
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Al Kamel has had a good run of things lately especially in banking and finance work, for which it is widely considered one of the leading firms and in M&A.
One of the firm's major clients is Palm Hills Developments and through 2010 it advised the company on two syndicated facilities totalling $100 million as well as three further facilities totalling $135 million in order to finance a new real estate project in the Sixth October City, a project in New Cairo District and the construction of a mall.
The firm also assisted Palm Hills on the financing for and negotiation of a $26 million acquisition of Macor for Securities Investment, a holding company with a number of investments in the hospitality sector.
In a large banking deal, the firm advised Commercial International Bank and a group of lenders as local counsel on a $500 million loan to Egypt's third largest mobile operator Etisalat Misr. The firm also won mandates from the International Finance Corporation (IFC), Deustche Investitions, Euroclear Bank and Barclays, as well as referral work from international firms including Freshfields. Tamim Foda led on a number of the deals.
On the M&A side, the firm worked alongside Trowers & Hamlins to advise a large US drinks company on its acquisition of a local Egyptian dairy company for $100 million. In another deal, it acted for EFG Private Equity on three transactions adding up to over $100 million including the sale of sweet company Edita and the acquisitions of a meat import business and hospitality company.
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