BPE Partners' B Investments has successfully exited its 6.38% stake in TotalEnergies Marketing Egypt LLC to TEMA for USD 27.6 million, with potential additional earnings tied to performance milestones.

Target Information

BPE Partners has announced that its flagship-managed investment vehicle, B Investments, has finalized agreements to exit its entire 6.38% stake in TotalEnergies Marketing Egypt LLC for total proceeds of USD 28 million. The sale is directed to TotalEnergies Marketing Afrique SAS (TEMA) and includes an additional potential amount of USD 2.2 million upon achieving certain milestones related to TEMA’s engagement with the Abu Dhabi National Oil Company for Distribution (ADNOC).

This stake was initially acquired by B Investments in 2013 through a capital increase that facilitated TotalEnergies Marketing Egypt's expansion from 70 retail gas stations to 240 stations by 2022. This successful exit underscores B Investments' capacity to enhance value in its investments, benefitting both the company and its shareholders.

Industry Overview in Egypt

The oil and gas sector in Egypt is a crucial part of the nation's economy, underpinning its energy needs and contributing significantly to export revenues. Egypt has made substantial investments in energy projects