An aggressive organizational restructuring: building a top tier team and instilling international best practices
Amidst challenging market conditions, in 2012, CI Capital witnessed a human capital restructuring programme, with key senior hires across its different business lines. The new team brings expertise and experience from global and regional investment banks and renowned financial institutions. The team was successful in building relations with key clients, generating a constant stream of mandates for the different lines of business, securing repeated business, and forming long-term client relationships.
CI Capital’s team efforts were instrumental in driving the franchise into a leading diversified financial services group, serving the expansion of both the investment bank and the non-banking financial services platform, in record time. The team extended the firm’s inorganic growth initiatives and built a diversified product offering, presenting innovative financial solutions to clients through the acquisition of majority stakes in Corplease and Reefy.
In 2016, CI Capital launched its non-banking finance platform by acquiring a majority stake in CORPLEASE, the largest financial leasing company in Egypt. Through its broad offering of leasing products and services, CORPLEASE has become the partner of choice to a large number of Egypt's large corporate and industrial groups with a portfolio exceeding cEGP9.2bn and over 26,350 leased assets.
In 2017, CI Capital acquired a majority stake of 80% in Egypt’s leading microfinance institution, Reefy. Reefy, established in late 2007 and based in Cairo, operates within the diversified financial services sector with the sole purpose of lending to unbanked clientele. The firm lends to a wide span of mirco-sized industry and service companies, excluding agriculture and transport. Reefy is the first company in Egypt to obtain the microfinance license from the Financial Regulatory Authority (FRA), following the issuance of the long-awaited microfinance law in 2014. Reefy continued its expansion strategy, growing its network of branches in rural and urban communities, throughout 20 governorates Egypt, to 40 branches. Reefy’s offering includes group lending in addition to its traditional offering individual lending.
The team continued their efforts to maintain market leading positions across all business lines.
Our Investment Banking arm, ranked number one in Egypt, leads in the field of equity and M&A advisory, with notable executions including cEGP110bn in transactions since inception and more than cEGP78bn executed since the beginning of 2013. This is in addition to executing more than 54% of Egypt’s equity capital markets transactions since 2014, raising cEGP16.5bn.
CI Capital’s Brokerage division has an unsurpassed placement through our diverse distribution channels, spread across the MENA region, the United States and Europe, with a distinctive ability to manage and execute large and complex transactions. Over a short span of time, our Brokerage arm became one of Egypt’s leading brokerage houses, currently ranked #2, with an overall market share of c9%, and more than 30% share of all institutional trading on the Egyptian Stock Exchange, as of 2017. The Brokerage team holds world-renowned investor conferences, giving buy-side global investors the chance to meet one-on- one with leading companies listed in the MENA region.
CI Capital Research is Egypt’s leading research house that covers90 stocks across 6 markets in the MENA region, which is equivalent to 36% of the respective markets’ market caps. The internationally diverse research team of lead analysts has a strong track record of success. Underscoring our success, five of our analysts ranked among the top 20 in the region by Extel in 2016 – the only research house with 5 analysts in the top 20 ranking.
CI Capital Asset Management is one of Egypt’s largest asset managers, with current AUMs in excess of cEGP7.4bn and c8.7% market share of mutual funds’ AUMs, as of 2017. The team boasts the widest fund range by type in the Egyptian market through its diverse product offering, including fixed income funds, money market funds, equity funds, and tailored discretionary portfolios on behalf of its institutional clients. The team constantly outperformed its peers in returns and ranking.
CI Capital is paving the way to solidify its performance and leadership position in the markets in which we operate. We focus on complex, large scale deals, as well as enhancing relationships with clients.