Private Equity

Middle East & North Africa

Israeli VC investments in technology soar

Venture investments worth $600m were made in Israeli technology companies in the third quarter of 2008, the highest quarterly figure in eight years. But such high rates of investment are not expected to continue given the global financial crisis.

2 min read · 05 January 2013

Travant agrees first deal

The West- and Central African-focused firm has invested an undisclosed amount in Dorman Long Engineering, a Nigerian oil and gas services provider. In May, Travant held a $107m first close on its debut fund, which is targeting $300m in commitments.

1 min read · 05 January 2013

Abu Dhabi Investment Company buys beverage distributor

The investment firm has acquired a majority stake in the Dubai-based business and intends to expand it regionally.

1 min read · 05 January 2013

Intel makes three investments in China

The venture arm of the Silicon Valley-based semiconductor company has made its debut Chinese cleantech investments from its $500m China fund, which closed in April.

1 min read · 05 January 2013

Tunga Management Company moves to sell 26% stake in itself

The Namibian joint venture between affiliates of South Africa’s Old Mutual Group will seek a black empowerment enterprise partner for the stake. The fund is targeting investments of around $360m in infrastructure, mining and private equity in 2009.

2 min read · 05 January 2013

Hicks- and Investcorp-backed company files bankruptcy

Greatwide Logistics Services, purchased last year for $730m, has filed for Chapter 11. The company is saddled with $600m in debt and its first lien lenders including Centerbridge and DE Shaw intend to buy the company early next year.

2 min read · 05 January 2013

Atalaya acquires Bennigan’s brand as parent folds

The middle market private equity investor had previously purchased securities in Bennigan’s Franchising subsidiary, which enabled it to prevent the unit from filing for Chapter 7 bankruptcy alongside parent company S&A in July.

2 min read · 05 January 2013

LBO France makes 4x return

Qatari Diar fended off two French trade bidders and an unnamed Russian private equity suitor to complete the tertiary buyout of technology systems company Cegelec from LBO France.

2 min read · 05 January 2013

Chinese solar company receives $35m

Silicon wafer maker JinkoSolar has received backing from Israeli venture firm Pitgango as well as China Israel Value Capital, which is poised to launch its second fund targeting $200m.

1 min read · 05 January 2013

M’Sharie acquires UAE-based adhesive manufacturer

The Dubai-based private equity firm has purchased a controlling stake in Anchor Allied.

2 min read · 05 January 2013

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