MBH advises El Abd Family on TCV’s successful investment in El Abd Patisserie

The transaction, which involved a capital increase representing approximately 20.9% of El Abd’s share capital, was executed through TCV’s investment vehicle, Tanmia Capital Ventures Fund II. Following the completion of the transaction, El Abd Family retained the remaining equity and continued to manage and operate El Abd Group. The transaction also entailed an internal restructuring of the group and the implementation of a comprehensive corporate governance framework, aimed at enhancing institutional practices and supporting long-term sustainable growth.

The proceeds from the transaction are expected to support El Abd’s expansion strategy, including the completion of its new manufacturing facility to increase production capacity and the further rollout of its retail branch network across Egypt.

The team advising on the transaction was led by Tamer Hennawy (Partner and Co-Head of Capital Market and Corporate and M&A) and included Omar Khattab (Counsel), Youssef Emam (Associate) and Ali Abu Zeid (Associate).