Financial Group Cayman Holdings (EFGH) is a Finternet infrastructure services group operating in emerging markets in Africa and Asia.
EFGH announced a definitive Business Combination Agreement with WinVest Acquisition Corp., a publicly traded special purpose acquisition company.
The proposed transaction values EFGH at a pro forma enterprise value of approximately US$425 million.
Company Focus
EFGH builds digital infrastructure for the Finternet, offering financial services to underserved consumers and SMEs.
Transaction Overview
EFGH will merge with WinVest, becoming a wholly-owned subsidiary of Pubco with Dennis Ng continuing as Executive Chairman and Group CEO.
Advisors
Dboral Capital is the financial advisor, Ellenoff Grossman & Schole LLP as U.S. legal counsel to EFGH, and Paul Goodman of Cyruli Shanks & Zizmor LLP as WinVest's legal counsel.
- EFGH aims to accelerate its mission in building financial infrastructure for underserved markets through the Nasdaq listing.
- The proposed business combination will bring together EFGH's expertise in the Finternet with WinVest's resources.
The collaboration between EFGH and WinVest marks a significant milestone in expanding financial services access in emerging markets.