Arab Finance: Egypt-based MNT-Halan has acquired Tam Finans, a Turkish commercial finance firm with a loan book exceeding $300 million, from Actera Group and the European Bank for Reconstruction and Development (EBRD), as per an emailed press release.

The terms of the transaction have not been disclosed yet.

“Combining Tam Finans’ credit models, distribution capabilities, and management team with MNT-Halan's technology, customer-facing app, and financial muscle will help complete the product offering and give greater confidence to all its stakeholders,” MNT-Halan’s Founder and CEO Mounir Nakhla commented.

Maatouk Bassiouny & Hennawy, Esin Attorney Partnership, and Van Campen Liem served as legal advisers to the buyers for the transaction, while Clifford Chance acted as legal advisor to the sellers.

PWC was the financial and commercial advisers to the buyers, whereas BCG was the financial and commercial advisers to the sellers.   

MNT-Halan announced previously that it raised $157.5 million from international investors to accelerate its geographical expansion beyond Egypt. 

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