We advised International Group For Modern Coatings - MIDO, one of Africa’s leading specialty paints and coatings manufacturers, on a USD 45 million mezzanine debt investment by Vantage Capital, Africa’s largest mezzanine debt fund manager.

This transaction marks Vantage Capital’s third investment in Egypt and is among the largest mezzanine debt transactions in the country’s history, with proceeds directed toward debt refinancing and working capital funding.

Our team was led by Hossam Gramon, Partner – Head of Banking and Project Finance, assisted by Hussien Moustafa, Managing Associate, Nour Osama, Associate, and Karim Madian, Junior Associate.

We extend our congratulations to our client, MIDO, on this milestone transaction, and extend our best wishes to Vantage Capital on their continued commitment to Egypt’s industrial growth.

We are also pleased to have worked alongside our colleagues at Matouk Bassiouny, and Werksmans Attorneys, legal advisers to Vantage Capital.

For more information, check out Ahram Online's coverage here.