GlobalCorp Financial Services

Overview

Established in 2015, GlobalCorp Financial Services is a prominent non-banking financial institution in Egypt, offering a range of services including financial and operating leases, factoring, and structured finance solutions. The company caters to corporates and small and medium-sized enterprises (SMEs), providing tailored financing options to support business growth and sustainability. GlobalCorp's leasing portfolio encompasses assets such as production lines, equipment, machinery, vehicles, and commercial or industrial real estate. Its factoring services offer short-term financing solutions across various industries. Since its inception, the company has extended over EGP 13 billion (approximately USD 715 million) in credit through more than 800 leasing and factoring contracts, with over 25% of its portfolio serving SMEs and green financing initiatives. In May 2022, a consortium comprising Amethis, the European Bank for Reconstruction and Development (EBRD), and SPE Capital acquired a majority stake in GlobalCorp, marking a significant milestone in the company's growth trajectory. This partnership aims to enhance financial inclusion in Egypt and support the expansion of GlobalCorp's services across the Middle East and North Africa region. In August 2024, GlobalCorp successfully completed its sixth securitization bond issuance, raising EGP 1.32 billion. The issuance was structured across three tranches with varying tenors and ratings, reflecting strong investor confidence in the company's financial stability and growth prospects. In November 2024, GlobalCorp announced an EGP 800 million increase in its paid-in capital, signaling robust growth and shareholder confidence. This capital increase supports the company's strategic goal of expanding its footprint and service offerings across Egypt's non-banking financial institution sector. The company also launched its B2C platform for consumer finance and mortgages under the brand name 'Lifestyle Finance,' aiming to create an inclusive financial ecosystem in Egypt. GlobalCorp's commitment to innovation and market leadership is further demonstrated by its plans to expand into the Gulf region, positioning itself as a comprehensive non-banking financial services provider catering to both B2B and B2C clients. The company's diverse portfolio and strategic initiatives underscore its role as a key player in Egypt's financial services sector, contributing to the country's economic development and financial inclusion objectives.

Investment Focus

• Established businesses with a proven track record
• Strong financial performance
• Clear growth strategy
• Alignment with GlobalCorp's investment focus areas

Portfolio Companies