ADSERO Assists PIF Acquire 34% of B.TECH

We are delighted to announce that we assisted Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, in acquiring a 34% minority stake in consumer electronics and household appliances retailer B.TECH from Africa-focused investment firm Development Partners International (DPI).

Our team was led by Ragy Soliman, Managing Partner and Co-Head of M&A and Capital Markets, Ahmed Abdelgawad, Partner and Co-Head of M&A and Capital Markets, Ibrahim ElGengehy, Counsel, assisted by Associates Farida Banany and Yomna Taha, and Junior Associates Soha Hussein and Farida Koura.

For more information, you can check Enterprise coverage here.