CPME Shareholders Approve $56M Acquisition of Qardy and Catalyst Partners

Deal News | Jul 09, 2025 | Zawya

CPME Shareholders Approve $56M Acquisition of Qardy and Catalyst Partners

Catalyst Partners Middle East (CPME), Egypt's pioneering Special Purpose Acquisition Company (SPAC), has secured shareholder approval to acquire two key financial services firms in a share-swap transaction valued at approximately $56 million. The target companies, Qardy for Digital Applications, a specialist in digital financial solutions, and Catalyst Partners Holding, a leader in non-banking financial services, will significantly bolster CPME's capacity to offer comprehensive fintech solutions across the spectrum of business sizes. Following an independent valuation by BDO Keys Financial Consulting, the transactions aim to consolidate CPME's market influence in the non-banking financial sector and expand their regional footprint. Furthermore, proceeds from a planned capital increase in December 2024 will be directed to advance CPME's leasing and factoring segments, supporting its mission to integrate within the NBFS sector and enhance Egypt's economic development.

Sectors

  • Financial Services
  • Financial Technology (Fintech)

Geography

  • Egypt – The article centers on Egyptian companies and market activities, specifically CPME, Qardy, and Catalyst Partners Holding, which operate within Egypt’s financial sector.

Industry

  • Financial Services – The primary focus of the article involving the acquisition of Qardy and Catalyst Partners Holding, both key players in digital and non-banking financial solutions.
  • Financial Technology (Fintech) – The article discusses the acquisition of companies specializing in digital financial solutions and fintech as part of a broader strategy to enhance integration and expand in the NBFS market.

Financials

  • EGP 2.8 billion (approximately $56 million) – The value of the share-swap transaction for acquiring Qardy and Catalyst Partners Holding.

Participants

NameRoleTypeDescription
Catalyst Partners Middle East (CPME)Acquiring CompanyCompanyCPME is Egypt’s first licensed SPAC focusing on integrating financial services and fintech solutions.
Qardy for Digital ApplicationsTarget CompanyCompanyQardy specializes in digital financial solutions and is one of the companies being acquired by CPME.
Catalyst Partners HoldingTarget CompanyCompanyCatalyst Partners Holding is a non-banking financial services firm targeted for acquisition by CPME.
BDO Keys Financial ConsultingIndependent Financial AdvisorCompanyProvided a fair valuation of the transaction, accredited by Egypt’s Financial Regulatory Authority.