Karim joined EFG Hermes in 2008, with primary responsibility for building the Group's infrastructure private equity platform. During this time, he also closed a number of flagship PE deals, such as the Nasdaq-Dubai's USD445m take-private of DAMAS International and later its exit, delivering c. 2x cash-on-cash returns. He led the creation of the Vortex Energy Platform and raised and deployed over USD500m of equity in yielding renewable energy assets across Europe. In 2019, he completed an exit of a portfolio of net c. 457MW of onshore wind assets in France, Spain, Portugal and Belgium, to funds managed by J.P. Morgan, realizing attractive divestment returns and paying net cash yields in excess of 8% p.a. to investors. Karim recently led the launch of an education fund in partnership with GEMS Education, dedicated to investing in K-12 schools in Egypt, closing the fund at commitments of c. USD133m.
Since the beginning of 2017 Karim has been appointed Co-CEO of EFG Hermes Investment Bank, responsible for the entire buy-side business of the Group. Karim sits on the Investment Committee of several EFG Hermes' sponsored funds and on InfraMed's Investors Board, with combined AUM of c. USD3.5bn. He is also a Member of the Board of Directors of various portfolio companies.
Prior to joining EFG Hermes, Karim was a Vice President at Deutsche Bank, in the Global Banking division, with responsibilities for M&A, ECM and DCM advisory in MENA. In this role, he advised on the USD4.2bn Dubai Ports World IPO, the USD670m sale of Sokhna Port to Dubai Ports World, and the USD1.4bn LBO of the Egyptian Fertilizers Company by Abraaj Capital. He joined Deutsche Bank in 2001 as an Analyst in the M&A execution team in Frankfurt, advising on several mid-cap transactions in Continental Europe. He moved to Dubai in 2005 with the CEO of Deutsche Bank MENA to help establish the bank's regional business. Prior to Deutsche Bank, Karim worked as an Investment Analyst at Berlin Capital Fund, a Venture Capital Fund managed by the Berliner Bank.
Karim holds a Masters in Business Administration and Mechanical Engineering (Diplom Wirtschaftsingenieur) from the Technical University of Berlin.
Samer Yassa is the Head of Private Equity division in Egypt. He has more than 16 years experience in
investment banking and private equity in Cairo and London. Samer Yassa
started his investment banking career in Fleming - CIIC in Cairo, where
he worked on landmark Egyptian capital markets and M&A transactions.
Before joining the private equity team of EFG Hermes, he was an
Associate in JPMorgan London focusing on healthcare M&A.
private equity, Samer Yassa has led a team of investment professionals in
sourcing, structuring, managing, and exiting private equity investments
across different industries in Egypt. Samer Yassa sits on the investment
committee of the private equity funds. He also represents the funds on
the board of directors of the portfolio companies. During his years of
experience in private equity, Samer Yassa made investments in excess of
$300mn and achieved investment exits of $186mn. Mr. Yassa holds a BA in
Economics and an MA in Public Administration from the American
University in Cairo and an MBA from Edinburgh University.
Bakr Abdel-Wahab is Managing Director and Head of Energy at EFG Hermes Private Equity, where he leads energy and infrastructure investments globally. As of 2014, he led the establishment of Vortex Energy, a 822 MW renewable energy platform that has executed transaction in excess of EUR 2.4bn, including EUR 500m of equity raised and deployed in France, Spain, Portugal, Belgium and the UK. Bakr co-lead the team responsible for negotiating and executing a c. GBP 500m acquisition of 365MW solar PV portfolio in the UK. In 2016, Bakr lead a EUR 550m leveraged acquisition of a 49% stake of a 664MW operating wind portfolio in Europe from EDPR, the world’s 4th largest wind developer. In 2015, Bakr launched Vortex’s first EUR 170m 49% acquisition of a 330MW portfolio of operating wind assets in France. Most recently, he led the team responsible for the exit of Vortex Energy’s wind platform, which was sold to J.P Morgan Asset Management delivering to Vortex’s investors double digit returns. Bakr is closely involved in the ongoing value maximisation of Vortex’s sizeable renewable energy portfolio. He is a Board Director of all Vortex related companies
Before Vortex, Bakr lead the origination, negotiation and execution of a USD 100mn investment in the Egyptian Refining Company (ERC), one of the largest financing in Africa’s history, on behalf of InfraMed Infrastructure, a EUR 385m infrastructure fund, where EFG Hermes is a founding sponsor.
Prior to joining EFG Hermes, Bakr was an Associate Director of Business Development and Strategy with GMR Infrastructure International in London, covering Europe and MENA focusing on Greenfield and Brownfield infrastructure transactions. During this time, Bakr worked on the closing of Istanbul Sabiha Gockcen Airport (25mn PAX) transaction, and the USD 975mn acquisition and asset management of a 50% stake in InterGen, a global independent power producer with a 7,500 MW portfolio. Previously, Bakr worked for Laing O’Rourke focusing on PPP/PFI projects in healthcare and education in the UK. Bakr spent his earlier career in construction project management with Costain Engineering in the UK and Vinci, in Egypt.
Bakr holds an MBA from Imperial College Business School London, MSc. in Environmental Engineering and Project Management and MEng. in Civil Engineering from the University of Leeds. Bakr also holds an International Baccalaureate.
Ahmed Eid is a Director at EFG Hermes Private Equity. He has more than 10 years of private equity experience, and primarily focuses on the food, manufacturing, financial services, healthcare, oil & gas and utilities sectors. He has worked on the evaluation, transaction-execution, post-acquisition strategy implementation and exits for the EFG Capital Partners Fund II, with total investments in excess of USD 120 million and exits of USD 200 million. Furthermore, he has led the investment process of several primary and follow-on investments under the EFG Capital Partners Fund III, in excess of USD 100 million.
Ahmed Eid has had extensive strategic/operational value-creation experience through his deep involvement on selected assignments in the portfolio, where he has worked closely with the senior management of several of EFG Hermes’ portfolio investments to implement the firm’s post-acquisition strategy. He also sits on the Board of Directors of several portfolio companies representing EFG Hermes-managed funds.
Ahmed Eid holds a Bachelor’s degree in Economics from the American University in Cairo.