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Cairo Capital Group (CCG)

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Cairo Capital Group (CCG)

Overview:

Cairo Capital Group was founded in the late 1970's by a group of Arab Bankers educated in the west who were eager to introduce and expand investment banking services in the Middle East. It started by offering financial advisory services in Egypt and Kuwait under the name of Cairo Capital Financial Group. In the early 80's the company became in the investment banking representative of Morgan Grenfell, focusing mostly on corporate finance. This formal connection continued until the early 90's when Morgan Grenfell was acquired by Deutsche Bank.

The introduction of the new Capital Market Law in Egypt in the 1995 threw open promising opportunities in the field of asset management. Shortly after, CCG partnered with Indosuez, Unit Trust of India and Export Development Bank of Egypt (EDBE) to establish two subsidiaries under the names of "Cairo Funds Management" and "Cairo Financial Investments". The Capital Market Authority licensed the first to manage Mutual Funds and the second portfolio management and corporate finance. In the 1996, the group launched a growth fund with assets of LE 100 million sponsored by the Export Development Bank of Egypt. In the 2003 the company launched the first capital guaranteed fund in Egypt together with Bank Misr, Egypt's largest retail bank. Since 1999 the company has also managed portfolios for the Social Security Administration and the National Investment Bank. The group's total assets under management are in excess of LE 3 billion (550 million) LE 1400 Million (USD 246 million).

Liberalization of the Egyptian economy in the 1990's combined with the privatization program of the Egyptian government provided a fresh impetus for the group's activities in the field of corporate finance. The group has been involved in several privatization assignments in Egypt and has done extensive corporate finance work with leading Egyptian corporations.

In 2006 the group established a brokerage subsidiary "Cairo Capital Securities", in order to capitalize on the excellent track record and sound reputation of the group in the market. The brokerage business provides the group with additional market intelligence, significant placement power, deal flow origination and client and market outreach. More recently an Islamic Sharia- compliant portfolio "Al Murabaha" was launched in cooperation with MIDB Bank.

Vision:

During rapidly changing economic times, particularly as they relate to Egypt and the Middle East, the availability of professional advice to investors has never been more important. As economies get restructured and some industries begin to operate on a regional basis, new opportunities emerge.

Analyzing global and regional trends, as well as national ones, for the industries we cover has become an essential component of our research on listed securities. In addition, we provide strategic advice to our corporate finance clients, relating to divestitures, mergers, acquisitions or financial structuring. The quality of our research is reflected in the continuing excellent performance of the funds we manage.

At CCG we pride ourselves on our careful, detailed analytical work on individual companies, and on our focus on national and regional economic developments as they affect the business environment. This is the basis for successful M&A work.

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