Ibrachy & Dermarkar (I&D) has been especially busy on the banking and financing side under leading lawyers Bahieldin Elibrachy and Menha Samy.Recently, the firm advised Agence Française de Development on a €30 million credit facility agreement to the National Bank of Egypt, which was completed in January 2011 with the aim of proving financing for nearly 500 small to medium sized companies and to help lengthen the maturities of the available loans....
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Ibrachy & Dermarkar (I&D) has been especially busy on the banking and financing side under leading lawyers Bahieldin Elibrachy and Menha Samy.
Recently, the firm advised Agence Française de Development on a €30 million credit facility agreement to the National Bank of Egypt, which was completed in January 2011 with the aim of proving financing for nearly 500 small to medium sized companies and to help lengthen the maturities of the available loans.
In October 2010 I&D helped global firm Bryan Cave advise a seller on a relatively novel (for Egypt) $400 million asset-backed securitisation and at the time of writing it was working with Jones Day to provide local law advice to a UK-based bank on the enforcement and effectiveness of securities relating to a $100 million loan.
Elibrachy and Samy were active in M&A, and closed an interesting deal in September 2010 on behalf of China Africa Development Fund for its $20 million acquisition of a minority stake in Misr Refrigeration and Air Conditioning Manufacturing. The firm was also handling a number of continuing transactions in mid-2011, including assisting Caithness Petroleum on an $18.5 million acquisition of a 50% stake in a concession for oil interests in the Western Desert. The firm also advised ArcelorMittal relating to a license to produce DRI & billet.
In projects, the firm overcame some complicated regulatory technicalities on the part of the authorities to help European bank finalise a €43 million facility to finance three film lines in Egypt.
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