[vc_row][vc_column width=”2/3″][vc_custom_heading text=”Deal Highlights :
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- Entry Oct. 2014: EGP 250mn six-month interest bearing convertible loan, in May 2015 the loan and interest got converted into a 13% equity stake
- Exit: IPO Q3 2017
- Expansion Capital
- Board Representation
[/vc_column_text][vc_custom_heading text=”Company Description :
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- Rooya Holding is a key player in the real estate sector. The company currently has ~ 9mn sqm of land bank distributed all over Egypt, of which 6mn sqm is still underdevelopment.
- The company has 4 main projects under development: 1) Stone Park, a mixed use project with a total investment cost of EGP 15bn; 2) Telal Sokhna residential project with a total investment cost of EGP 3.5 bn; 3) Telal Sahel residential project with a total investment cost of EGP 700mn; 4) Sixth of October project with a total investment cost of EGP 700mn
[/vc_column_text][vc_custom_heading text=”Deal Rational :
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- Reputable developer with large and low cost underdeveloped land bank distributed all around Egypt
- Attractive entry valuation a 42% discount-to-NAV
- A diversified revenue stream generated from sales of primary and second homes, and leasing income from commercial properties
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