Barakat, Maher & Partners, in collaboration with Clyde & Co, recently guided Edita Food Industries, SAE through a complex delisting and reorganization process. The firm advised Edita on the removal of its Global Depository Receipts (GDRs) from the London Stock Exchange and their conversion into ordinary shares listed on the Egyptian Stock Exchange (EGX).
This transaction spanned two jurisdictions and two major markets—the London Stock Exchange and EGX—and demanded close coordination with Bank of New York Mellon (BNYM), the depository bank. We are proud to have supported Edita Food Industries, led by Chief Legal Officer and Government Affairs head Lobna Khater, in navigating this strategic milestone. The collaboration was instrumental in achieving a timely delisting.
Our Cairo and UK teams worked in lockstep, showcasing our integrated cross-border capabilities in the Capital Markets arena and underscoring our ability to execute intricate multijurisdictional mandates with precision.
Leadership on the deal came from Mostafa Elsakaa, Partner and Head of Capital Markets in our Cairo office, and Andrew Chadwick, M&A and Corporate Finance Solicitor and Legal Director in our London office, with facilitation from Mohamed ElHossamy, Associate. Their combined efforts, along with the broader Clyde & Co and Edita teams, were pivotal to the successful completion of the delisting.
Two years after opening our Cairo office, our team has established itself as a robust transactional powerhouse, advising both local and international clients across diverse sectors. Our track record includes handling complex M&A transactions, such as advising on Egypt’s first private-sector insurance merger, along with work in private equity, antitrust, regulatory and corporate matters. Our expertise also spans joint ventures, restructurings, separations and carve-outs, as well as initial public offerings (IPOs) and securitization deals. Notably, we completed four securitization closings for Capital for Securitization on Bedaya’s mortgage portfolio, with issuances valued at EGP 843 million (Dec 29, 2023), EGP 1,415,500,000 (Oct 10, 2024), EGP 1,780,500,000 (Dec 25, 2024), and EGP 1,637,000,000 (Mar 26, 2025). Additionally, we supported a securitization-related deal in early 2025 totaling EGP 718 million for Erada Microfinance.
This sequence of wins demonstrates our sustained capability to handle high-profile, cross-border capital market work and to deliver value across the full spectrum of corporate and transactional services.
