(ACF) has concluded a notable securitisation, valued at EGP 665.5 million (USD 13.4 million).

Egyptian law firm provided legal advice to ACF as the originator, with acted as financial adviser, issuance manager, bookrunner and lead arranger, and the custodian role filled by on the transaction, which closed on 22 June.

Conducted via its subsidiary , it is the third such transaction and was structured in three tranches: EGP 307 million (USD 6.2 million), EGP 222 million (USD 4.5 million) and EGP 136.5 million (USD 2.8 million), with the first two tranches attaining the highest possible credit rating.

A portfolio of consumer credit facilities originated by ACF was assigned as security and collateral to support the deal.

Founded in 2016, ACF is part of Cairo-headquartered fintech , itself a subsidiary of investment company . Electronic payments, consumer finance and financing solutions aimed at small and medium-sized enterprises (SMEs) form mainstays of its activities.

Zaki Hashem advised ACF using a team headed by capital markets and corporate procedures practice head , along with senior associate and associate , with additional assistance from partner , and associates and Malak Shehata.

Other notable transactions this month include international firm Debevoise & Plimpton assistance to Malta-based private equity firm Mediterrania in raising EUR 600 million (USD 688 million) via its fourth fund, to support investment in North and West Africa.