Recent deal

Development Partners International LLP acquires a minority stake in MNT Investments B.V.

September 20, 2018 – Lexence acted for GB Finance and GAIA on their joint sale of a minority stake in MNT Investments B.V., a holding company for two Egyptian entities aiming to promote financial inclusion in the Egyptian market (“MNT”). The stake was acquired by the second fund of Development Partners International (DPI), a leading African focused private equity firm. The aggregate deal value amounted to EGP 750 million (USD 45 million).


Corporate notarial services



The Lexence team advised both GB Finance, GAIA and MNT on Dutch law deal aspects. Lexence acted together with Shearman & Sterling on this matter.

About MNT

MNT is the holding company of Microfinance Consulting Services (Mashroey) and Tasaheel Microfinance Company S.A.E (Tasaheel). These entities are market leaders in the fast developing consumer finance and microfinance sectors in Egypt. More specifically, Mashroey offers financing options to micro-entrepreneurs. Tasaheel provides direct microfinance lending to eligible clients and focusses on group loans to skilled working women.

Both Mashroey and Tasaheel aim to help micro-entrepreneurs generate higher returns to improve their living standards which in turn supports the overall community development and economic growth.

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