4 May 2021 — Compass, through its M&A advisory arm, is pleased to announce that it has served as the buy-side advisor in Intro Group’s acquisition of BariQ for EGP570 million.
Founded by Raya Holding in 2011, BariQ is specialized in recycling post-consumer plastic packaging and producing Food Grade and non-food grade Recycled Polyethylene Terephthalate (RPET), Recycled High Density Polyethylene (RHDPE) and Recycled Polypropylene (RPP). BariQ is an Egyptian joint stock company with its manufacturing facility located in West Cairo’s 6th of October Industrial Area,
Intro Group is a private, Egyptian conglomerate. It is comprised of a diverse group of companies in various fields which include but are not limited to, Oil & Gas, Real Estate, Renewable Energy and Waste Management and Resource Recovery. Through its acquisition of Bariq Intro is looking to strengthen its presence in the green economy. The company fits well with its Waste Management and Resource Recovery business.
“We are delighted to announce that Compass Capital’s M&A advisory team has advised on the acquisition of BariQ. This is our second M&A advisory announcement in the first six months of 2021, and we are confident that this momentum will continue given the upturn in M&A transaction activity in Egypt. We look forward to being trusted to carry on doing so.”, said Tarek Abdelrahman, Compass Capital Managing Partner.
Notes for Editors
Compass is a leading private equity firm focusing on value investing. The firm’s multi-disciplinary team has a long and successful track record of generating attractive investment returns having successfully executed numerous transactions requiring capital flexibility, financial restructuring, and operational turnaround. Compass follows a disciplined investment approach that hinges on defining strategic initiatives, agile implementation of strategy, supporting talented management, and providing required growth capital to drive growth. The company is a principal investor in its own transactions and actively works to ensure that the interests of all stakeholders are aligned in the investments it pursues.
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