December 22, 2022

BPE Partners announces that its flagship-managed investment vehicle “B Investments” has signed definitive agreements to exit its entire stake in TotalEnergies Marketing Egypt LLC for Total Proceeds of USD 28 million

BPE Partners is pleased to announce that its flagship-managed investment vehicle, B Investments, has signed definitive agreements to sell its entire stake of 6.38% in TotalEnergies Marketing Egypt LLC (“TE”) to TotalEnergies Marketing Afrique SAS (“TEMA”) for a total consideration of USD 27.6 million. Furthermore, B Investments is eligible for an additional amount equal to USD 2.2 million subject to certain milestones concerning TEMA’s transaction with Abu Dhabi National Oil Company for Distribution (“ADNOC”).

“We are very pleased to have established a decade-long successful relationship with one of the leading global energy players to create one of the largest private sector oil & gas companies in Egypt. Achieving another successful exit further demonstrates our ability to create significant value in our portfolio companies and ultimately, for our shareholders” said Mr. Hazem Barakat, Co- Founder & Chairman of B Investments.

“This transaction marks another key milestone for B Investments and is a clear testament to the company’s ability to realize the value of its underlying assets for shareholders” added Mr. Mostafa El-Anwar, Chief Executive Officer of BPE Partners
In 2013, B Investments acquired 7.97% of TotalEnergies Marketing Egypt through a capital increase which supported the company to increase its retail gas stations from 70 stations to 240 stations in 2022.

This transaction is subject to customary regulatory approvals and is expected to close during the first quarter of 2023.

– End of Press Release –

About B Investments

Established in 2006, B Investments is an Egypt-based private equity firm and growth capital investor that pulls a wealth of expertise to actively create value in its portfolio companies.

The company’s portfolio investments include Madinet Nasr for Housing and Development (MNHD), TOTAL Energies Egypt, Giza Systems, Ebtikar for Financial Investment, Basata Holding, Gourmet, and Infinity Solar Assets (3 solar power generating assets in Benban, Egypt).

B Investments is committed to unlocking value in companies through partnerships that will help create jobs and contribute to the growth of the Egyptian economy.

About B Healthcare Investments

B Healthcare Investments was established in 2021 and is B Investments’ specialized healthcare investment arm. The company’s investments strategy focuses on investing in leading Egyptian specialized healthcare companies. B Healthcare Investments’ authorized capital currently stands at EGP 1 billion.

About The Egyptian IVF Center

The Egyptian IVF Center is one of the first two fertility centers in the region, a project undertaken in 1986 by world renowned gynecologists Prof. Mohamed Aboulghar, Prof. Gamal Serour and Dr. Ragaa Mansour. As Egypt’s first fertility facility, its highly skilled team has gained unparalleled experience in treating various fertility problems and contributed to international research in reproductive medicine; hence, the Egyptian IVF Center attained an international reputation and has been attracting patients from all over the world.

The facility has been helping thousands of families in Egypt and worldwide for almost three decades. Furthermore, the company’s facility does not only provide the knowledge and expertise of its prominent physicians but operates at high technological and ethical standards. Strategically located in Maadi, Cairo, the facility is accessible to patients travelling from all over the country. The company’s staff includes pioneers in the field of IVF as well as a team of a 119 talented and trained medical personnel. The Egyptian IVF Center’s services vary from consultation, offering advice and explanations to full medical intervention.