We accompany you through the entire transaction process.
We combine our many years of experience with broad sector expertise to support you in the following types of transactions and related topics: restructuring and realignment of your company, strategic growth, mergers & acquisitions (M&A), support and design of transformation processes, sale of companies (or parts thereof) and initial public offerings (IPOs).
FAB has completed the integration of Bank Audi Egypt, successfully migrating all banking relationships and services under the FABMISR umbrella. With the integration FABMISR, is now one of the largest private banks operating in Egypt.
EY advised FAB and FABMISR as the cutover partners for the integration. EY’s scope included:
- Cutover strategy and design
- Detailing cutover run books
- Facilitating business and technology readiness
- Governing rehearsal and execution of the cutover event
Prathit Harish, Tomson Robert, Praveen Kumar, and Ritu D Pherwani led the engagement from EY MENA with support from EY global network.
About FAB and FABMISR
FAB is one of the world’s largest financial institutions with an international network spanning over five continents. FABMISR, a subsidiary of FAB, is one of the largest foreign banks operating in Egypt.
With an objective of driving long-term value for its shareholders and to create sustainable urban development in Dubai, Emaar Properties PJSC (EMAAR) acquired a 100% stake in Dubai Creek Harbour LLC (DCH) for the strategic expansion of its land bank. EY supported EMAAR by providing valuation advisory services for DCH.
The deal was led by Yousef Wahbah, Managing Partner and Real Estate, Hospitality and Construction (RHC) sector Leader, EY MENA. Yousef was supported by Nishchint Vaid and Farid Kalouti who are Directors of the MENA RHC sector practice.
EMAAR engages in property investments, development and development management businesses globally and in the MENA region. DCH is a special purpose entity (SPE) which was incorporated for the development of the DCH masterplan and is a wholly-owned subsidiary of Dubai Holding LLC (DH).
Caisse de dépôt et placement du Québec (CDPQ) is one of North America’s leading long-term institutional investors, with net assets totalling CA$365.5 billion and investments in more than 75 countries. CDPQ manages funds primarily for public and parapublic pension and insurance plans. CDPQ invests in major financial markets, private equity, infrastructure and real estate, globally, in all sectors of the economy.
EY delivered buy-side due diligence for Caisse de dépôt et placement du Québec (CDPQ) on the US$ 5 billion investment in DP World’s strategic assets in the UAE: #Jebel Ali port, #JAFZA, and #National Industries Park
The services involved: Financial due diligence, SPA review, Tax structuring and overview of Tax considerations, and VAT due diligence.
The deal was led by Sara Yamotahari, Masoud Mohammadpour, Sahar Al Ashmar, Brandon George, James Bryson and supported by John Wilkinson, Kamelia Kantcheva, Veeral Patel, Nima Nickooi, Layan Dajani, Vishay Valjee, Emma Villaruel, Alibek Sarybekov, Raqeeba Carrim, Renata Shokayeva, Mohammed Tisekar, Joella R Thibodeau, Fatma AlAbdouli, Mohammad Hammo and Samantha D'Andrea.
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