We advised Arrow Holdings, a leading regional HR technology and staffing group operating across Africa and the Middle East, on the strategic investment by AfricInvest Fund IV, through which AfricInvest subscribed to a significant minority stake in the company.
This milestone investment will further accelerate Arrow Holding’s digital transformation and regional expansion strategy, including the launch of the Arrow AI Hub for digital HR services.
Our team was led by Ibrahim ElGeneghy, Partner and Hana Awad, Counsel, assisted by Associates Farida Banoub, Salma Soliman and Soha Hussein.
The team was also supported by Youssef Moussally, Associate, Malak Abda, Junior Associate and, Youssef Abdelmaksoud, Junior Associate.
Congratulations to AfricInvest team: Ziad Oueslati, Founding and Co-Managing Partner, Ismail El Tabli, Senior Partner, MD, Hedi Dziri, Director, Mahmoud El Sayaad, Investment Professional, and Nihal Kassem, Analyst.
We also extend our congratulations to Mohamed El Derwy, Founder and CEO of Arrow Holding, and Meran Ossama, Global Growth Partner at Manpower Egypt – Target HR, on this significant achievement.
Pleased to have collaborated with our colleagues at Blackwood Capital Group - Thomas Kardos, Alexander John and Dimitris Gretsistas who acted as the financial advisor to Arrow Holding, and PwC represented by Passant El Tabei, Partner who have acted as the tax advisor.
We wish to recognise the efforts of Matouk Bassiouny & Hennawy (MBH): Omar Bassiouny, Ossama Abouzaid, and Mariam El Gabry - legal advisors to AfricaInvest.
To read more about this transaction, check Blackwood Capital Group’s post here.