We are pleased to announce that Matouk Bassiouny (“MB”) acted as legal counsel to AfricInvest in connection with its acquisition of a minority stake in Arrow Holding, a leading HR-technology and staffing group operating through multiple subsidiaries across Africa and the Middle East.
The investment, made through AfricInvest Fund IV and marking the fund’s tenth transaction, will support Arrow’s digital transformation and expansion across Africa’s growing staffing and outsourcing markets while reinforcing the fund’s focus on mid-sized businesses with regional growth potential.
The MBH team advising on the transaction was led by Omar S. Bassiouny (Founding Partner and Group Head of Corporate and M&A), and included Ossama Abouzaid (Counsel), Nourhan Sayed (Associate), Mariam El Gabry (Associate) and Yasmine Attia (Associate).
The MB UAE team was led by Mohamed Essam (Partner, Head of Corporate and M&A UAE and FinTech ECVC), and included Moustafa Rizk (Senior Associate), Ahmed Hatem (Associate) and Pareen Nashar (Associate).