Catalyst Partners Middle East Moves Toward Acquiring a Controlling Stake in EIH Consulting and Its Subsidiaries
Catalyst Partners Middle East (CPME), the pioneering Special Purpose Acquisition Company (SPAC) in the Egyptian market, listed on the Egyptian Exchange under the symbol (CPME.CA), has officially announced that its Board of Directors has granted in-principle approval to move forward with the acquisition of a controlling stake in EIH Consulting S.A.E. and its subsidiaries, with the potential to acquire up to 100% of the company’s share capital.
Strategic Expansion into Precious Metals and Fintech
This landmark step is a core component of CPME’s broader strategy to solidify its presence within the non-banking financial services (NBFS) sector.
By targeting EIH Consulting, CPME aims to capture a significant share of the rapidly growing precious metals market and its associated digital financial services.
EIH Consulting is widely recognized as a market leader in the investment and trading of precious metals in Egypt.
The company gained significant traction as a digital innovator by launching “mngm”, the first specialized digital platform of its kind in the region, which enables seamless gold and silver trading for individual investors, large institutions, and investment funds alike.
Transaction Structure and Due Diligence
Following the Board’s decision, the Chairman or CEO of CPME has been authorized to initiate all necessary legal and financial procedures.
This includes commencing the Due Diligence process, finalizing negotiations, and determining the most efficient structure for the transaction—whether through a direct cash acquisition, a share swap, or a combination of both. All final outcomes will be presented to the Board for ultimate ratification.
To ensure transparency and adherence to regulatory standards, CPME has appointed Gravition Financial Advisory as an independent financial advisor.
Their role is to conduct a comprehensive Fair Value (FV) assessment of the target company in accordance with the prevailing laws and market regulations.
Visionary Leadership for Sustainable Growth
“This step aligns perfectly with our strategy of investing in high-potential sectors capable of delivering sustainable growth and creating long-term value for our shareholders,” stated Maged Shawky, Chairman and Co-Founder of Catalyst Partners Middle East.
Shawky further emphasized that EIH Consulting represents a promising business model that successfully merges deep operational expertise with a tech-driven vision, particularly in the precious metals sector, which is witnessing a surge in interest across local and regional markets.
On the other hand, Sameh El-Torgoman, Chairman and CEO of EIH Consulting, expressed his optimism: “We look forward to leveraging Catalyst Partners’ extensive investment expertise to accelerate our future expansion.
This potential partnership marks a pivotal milestone in our journey toward a new phase of market leadership and growth.”
Conclusion and Regulatory Approvals
CPME confirmed that the final completion of the transaction remains strictly subject to the results of the ongoing negotiations, the successful conclusion of the due diligence process, and obtaining all necessary approvals from the relevant regulatory authorities.
