Clyde & Co advises on acquisition of an Egyptian resort group

Barakat, Maher & Partners, in association with Clyde & Co, acted as legal advisor to Guide International S.R.L. and Timalina Internacional on their acquisition of a significant minority stake in two Egyptian target companies, Allied for Tourism Investment S.A.E. and Mediterranean Tourism Investment S.A.E.

The two target companies are leading Egyptian operators in the tourism and hospitality sector, owning and managing prominent resort destinations in Egypt, including Gemma Resort on the Red Sea and Caesar Bay on the North Coast.

Guide International S.R.L., an Italian company, acquired shares in the two Egyptian target companies. The transaction successfully closed in March 2026.

Commenting on the transaction, Sam Dahroug, Partner at Clyde & Co Cairo, said:

Mohamed Barakat, Partner at Clyde & Co, added: 

Barakat, Maher & Partners, in association with Clyde & Co acted as lead counsel on the transaction, advising across all aspects of the deal from initial structuring through due diligence, transaction documents, signing, and completion. 

This transaction stands as a testament to Clyde & Co’s Cairo office transactional capabilities, particularly in advising on complex investments within regulated sectors such as tourism, which remains fundamental to the Egyptian economy. It further attests to the firm’s deep local expertise and its ability to deliver sophisticated cross-border transactions with precision.

The Cairo office team was led by Sam Dahroug (Partner, Cairo), with Mohamed Barakat (Managing Partner, Cairo) leading the restructuring aspects of the transaction, with the involvement of Mohamed ElHossamy (Associate, Cairo).

Two 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 three closings for Capital for Securitization on the mortgage portfolio of Bedaya, 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. The team has proven capabilities in FinTech, venture capital, artificial intelligence (AI) and financial non-banking services. The Cairo office is also active in employment, and cross-border disputes and arbitration.