Matouk Bassiouny & Hennawy (“MBH”) acted as sole counsel to Palm Hills Developments (“PHD”) and Taaleem Management Services Company (“Taaleem”) in its joint venture to build a private university in PHD’s flagship project Badya, situated in West Cairo. “We are pleased to announce that the transaction documents were successfully signed today, 29 September 2020”, MBH stated in a press release on their website.
Under the joint venture, with a total investment cost estimated around EGP 1.6-1.9 billion, PHD will hold 40% and Taaleem will hold a 60% of the economic interest.
The MBH team assisting on the transaction was led by Tamer El Hennawy (partner and co-head of corporate and M&A and capital markets) and Samih Talaat (senior associate) and included Mohamed Kandel (associate).
