EFG Hermes Advises eFinance on Full Acquisition of Tamweely Financial Services
EFG Hermes has acted as sole financial adviser to eFinance for Digital and Financial Investments on its proposed acquisition of 100% of Tamweely Financial Services, a transaction that will move eFinance deeper into regulated lending for micro, small and medium-sized enterprises.
The deal combines an upfront cash payment of up to EGP 956.4 million, approximately 146.1 million newly issued eFinance shares, and a deferred performance-linked payment. The new shares are expected to represent around 4% of eFinance’s enlarged share capital, giving Tamweely’s existing shareholders continued exposure to the combined group after completion.
For eFinance, the acquisition marks a significant strategic shift beyond its traditional role in Egypt’s digital financial infrastructure. By combining Tamweely’s established MSME lending platform with eFinance’s technology, data and distribution capabilities, the group is seeking to build new revenue streams from embedded finance and data-driven lending.
The transaction also highlights the growing use of listed shares as acquisition currency in Egypt. According to EFG Hermes, improving liquidity and valuations on the Egyptian Exchange are giving listed companies greater flexibility to fund strategic acquisitions without relying entirely on cash.
Maged El-Ayouti, Co-Head of Investment Banking at EFG Hermes, said the transaction could shape the next phase of eFinance’s growth by combining its digital infrastructure and data capabilities with Tamweely’s regulated lending platform.
He also pointed to improving market conditions in Egypt, noting that average daily trading values on the EGX have approached $250 million to $300 million, while stronger liquidity and valuations are creating a more supportive environment for IPOs and equity-funded M&A transactions.
The Tamweely mandate is also part of a broader pickup in deal activity for EFG Hermes. The investment bank said the transaction is its fifth signed M&A deal in recent months, alongside 16 transactions completed by its Investment Banking division since the beginning of 2026.
The acquisition remains subject to eFinance shareholder approval and regulatory clearances, including approval from the Financial Regulatory Authority, with closing expected during the second half of 2026 once the required conditions are met.
For EFG Hermes, the advisory role places it at the center of a transaction that is not only about ownership change, but also about eFinance’s transition from digital infrastructure provider to a broader financial services platform with direct exposure to Egypt’s MSME lending market.