Barakat, Maher & Partners in Association with Clyde & Co advises Contrack on strategic acquisition

Barakat, Maher & Partners in Association with Clyde & Co advised Contrack for Operations and Maintenance and its affiliate on the strategic acquisition from Lamar Holding Arabia in Advanced Qudra, a company specialising in facility management services.

As a result of completion of the transaction, Contrack and its affiliate will hold a significant stake in Advanced Qudra. This strategic transaction is expected to strengthen Advanced Qudra's service offering and create additional opportunities to deliver solutions that cater to the rising demand for premium facility management services.

Commenting on the transaction, Partner Sam Dahroug said: "It was a privilege to guide Contrack through this acquisition, from structuring and legal due diligence to negotiating the transaction documents and securing the protections our client required as incoming shareholders. We are proud to have helped Contrack take a strong position in a growing facility management business."

The Cairo office team on the transaction was led by Sam Dahroug, Partner, with the support of Associates, Mohamed ElHossamy, Karen Gabriel and Kassem Ayad Mansour.

Three years since opening our Cairo office, our team has established itself as a transactional powerhouse, advising local and international businesses across a wide range of sectors. We have successfully handled complex M&A transactions, including advising on the first merger in Egypt’s private sector insurance industry, as well as handling private equity, anti-trust, competition, regulatory and corporate matters. Our teams expertise also extends to joint ventures (JVs), restructurings, separations and carve-outs, together with initial public offerings (IPOs) and securitization deals including four closings for Capital for Securitization on the mortgage portfolio of Bedaya, the fourth issuance valued at EGP 1,637,000,000 on 26 March 2025, the third issuance valued at  EGP 1,780,500,000 on 25 December 2024 and the first two issuances, valued at EGP 843 million on 29 December 2023 and EGP 1,415,500,000 on 10 October 2024. As well as closing the successful securitization deal, Capital for Securitization on the microfinance portfolio of Erada Microfinance valued at EGP 718 million in January 2025.