Middle East & North Africa

West LB syndicates £225m of Islamic Aston Martin debt

The largest Islamically funded leveraged buyout debt in the UK has been syndicated by German bank West LB to investors in the Middle East, some of whom do not participate in Western market debt syndication for religious reasons.

Three Delta returns to QIA for £500m equity in Sainsbury’s bid(4)

Specialist acquisition firm Three Delta’s bid for Sainsbury’s awaits an 8 November deadline as its talks with the supermarket’s pension trustees near completion.

BC club wins battle for Turkish retailer

The BC Partners-led consortium has pulled off its YTL3.9 billion bid for Migros Türk in the face of strong competition including The Blackstone Group and Kohlberg Kravis Roberts. It is Europe’s largest deal since credit markets seized up.

Three Delta returns to QIA for £500m equity in Sainsbury’s bid(3)

Specialist acquisition firm Three Delta’s bid for Sainsbury’s awaits an 8 November deadline as its talks with the supermarket’s pension trustees near completion.

IK takes fire protection buy and build to US(2)

Industri Kapital, the European mid-market buyout firm, has bought Consolidated Fire Protection from Gryphon Partners as it expands sprinkler and fire alarm company Minimax into the US.

ECP buys $15.2m stake in African gold mine

Emerging Capital Partners has made its fourth investment in the African mining sector with the acquisition of a 16 percent stake in gold producer Central African Gold.

Three Delta drops Sainsbury’s bid after Qatari talks(2)

Three Delta has withdrawn its bid for Sainsbury’s citing the problems in the credit markets and an equity increase demanded by the UK supermarket’s pension trustees.

Arcapita sells healthcare company for $395m

The private equity arm of Bahrain-based Arcapita Bank purchased TLC Health Care Services nearly four years ago in a $189 million transaction.

Three Delta returns to QIA for £500m equity in Sainsbury’s bid(2)

Specialist acquisition firm Three Delta’s bid for Sainsbury’s awaits an 8 November deadline as its talks with the supermarket’s pension trustees near completion.

3i, ABN AMRO back oil & gas company

Continuing the growing involvement of buyout firms in the oil and gas sector 3i and ABN Amro’s merchant banking arm have taken a £53 million stake in TSMarine.