This funding, made alongside Novastar Ventures, is about to assist Breadfast’s enlargement plans, together with the addition of fulfilment centres in main Egyptian cities, laying the groundwork for operations in new markets, enhancing its expertise infrastructure, and increasing its private-label product choices to spice up margins.
The transaction was comparatively complicated, involving deal structuring, multi-jurisdictional due diligence, regulatory recommendation, and the drafting and negotiation of transaction paperwork.
Commenting on the transaction, Companion Hani Nassef mentioned: “We’re proud to have supported EBRD on this strategic funding in Breadfast. The transaction displays our skill to navigate complicated cross-border fairness investments and ship tailor-made authorized options that align with our purchasers’ business goals. It additionally highlights our dedication to supporting innovation and progress in Egypt’s tech-driven client sectors.”
The Baker McKenzie group was led by Hani Nassef, Companion and Head of M&A at Baker McKenzie Cairo, with help from Senior Affiliate Ingy Elkady, and Affiliate Hala Mohamed. Moreover, Baker McKenzie’s workplaces in San Francisco, London, and Los Angeles have offered extra assist; together with Emery D Mitchell (Companion, San Francisco), Tom Quincey (Companion, London), Nick Neuteufel (Affiliate, Los Angeles), Abigail Saffron (Affiliate, London) and Kartik Singh (Affiliate, London). In the meantime, Orrick, Herrington & Sutcliffe acted as authorized counsel to Breadfast Inc.
