A consortium of investors made up of Amethis, the European Bank for Reconstruction and Development and SPE AIF I, LP has acquired a majority stake in GlobalCorp for Financial Services S.A.E, a leading non-banking financial services company in Egypt. Established in 2015, GlobalCorp is a leading Egyptian non-bank lender with a current focus on leasing and factoring solutions to companies and small and medium-sized enterprises (SMEs). The company’s leased assets include production lines, equipment and machinery, vehicles, and commercial/industrial real estate, while its factoring product portfolio covers a range of short-term financing solutions. Since its inception, GlobalCorp has extended EGP 13 billion (US$ 715 million) in credit over 800+ leasing and factoring contracts, spanning more than 30 industries, with more than 25 per cent of its portfolio serving SMEs and green financing. The company also arranged Egypt’s first and largest factoring syndication and completed its first securitization at the end of 2021.
Established in 2015 in Egypt, GlobalCorp is a non-banking financial services company engaged in offering financial and operating leases and factoring solutions to companies and SMEs. It offers leading, innovative financial solutions, including structured/tailored finance, in partnership with other leasing companies and banks, positioning it as the largest purely independent non-banking financial services player in Egypt. Amethis, a member of the Edmond de Rothschild Private Equity partnership, is a private equity firm dedicated to the African continent, with offices in Paris, Casablanca, Abidjan, Nairobi and Luxembourg, and an investment capacity exceeding €810 million. Amethis brings growth capital to promising midcap champions in a diversity of sectors throughout the African and European continents and is led by an experienced investment team with extensive experience investing in growth companies. SPE Capital is a pan-African private equity firm formed in 2016 through a spinout from Swicorp, a leading regional investment-banking firm. The SPE Capital team has invested over US$ 500 million across Africa and the Middle East since 2005. SPE Capital is led by an experienced investment team with extensive experience investing in growth companies.