Egypt-based Mergers and Acquisitions Advisory Firm PIE has acquired Exits, a regional online marketplace for buying and selling websites, apps, and traditional businesses for an unknown amount.
Founded in 2022 by Mohamed Aboulnaga, PIE is a firm focused on mergers and acquisitions for startups and SMEs.
Exits is a Cairo-based marketplace that connects buyers and sellers anonymously and has 100+ profitable companies on the platform. It also offers the option of reviewing key metrics to find the right fit.
PIE has acquired Exits to build the microacquire of the region and to make it easier for smaller companies to gain more visibility to investors and eventually list on an M&A marketplace and for buyers to be able to search for potential acquisitions online.
Exits “PIE can act as both sell and buy-side advisor or as an independent advisor that steps into a deal where both ends are unable to agree on the terms of sale, or even as bringing new options for sellers or buyers to a pending deal to enhance the numbers and bring more benefits to the founders. PIE offers not only the traditional M&A advice but goes as much as preparing startups inside out to a takeover or an investment through a package of several support functions and business consultancy schemes,” Mohamed Aboulnaga, Founder of PIE, said.
The startups need technical and financial advice on the M&A front and have been unable to get this from traditional investment banks with their sophisticated operating models and high fee structures, which on certain occasions defeated the financial viability of the prospect M&A deals for both investors and target startups.
