Middle East & North Africa

Sainsbury’s considers Qatari £500m equity increase(3)

Qatari investment arm Three Delta is likely to increase the equity component of its offer for FTSE 100-listed Sainsbury’s to meet concerns of the board that the company will be over-leveraged.

Ethos and Goldman place bets on South African gaming company(2)

Ethos Private Equity, one of South Africa’s largest domestic buyout firms, and Goldman Sachs are heading a consortium to buy local casino Gold Reef Resorts, in the US investment bank’s first deal in the country.

Bain consortium sells sandwich chain

Summit Venture spin-out Mainsail has purchased Togo’s Eateries from Dunkin’ Brands, which is owned by Bain Capital, The Carlyle Group and Thomas H. Lee Partners.

VenCom makes 9x return on LED company

Chicago-based investment firm VenCom has sold lighting company IO to Cooper Industries, a US manufacturer, for $16.5 million, netting the firm a nine times on its original investment.

Sainsbury’s considers Qatari £500m equity increase(2)

Qatari investment arm Three Delta is likely to increase the equity component of its offer for FTSE 100-listed Sainsbury’s to meet concerns of the board that the company will be over-leveraged.

Boston Ventures in telecom deal(3)

Boston Ventures is to buy a local US cable and telecom company, marking the middle market firm’s fifth investment from its seventh, $500 million fund.

Arcapita exits wind farm in second deal this week(3)

Prudential M&G’s infrastructure arm Infracapital Partners and an unnamed group advised by JP Morgan Asset Management have bought a one third stake in wind farm Zephyr Investments from Arcapita Bank, in the Bahrain-based investor’s second deal this week.

KKR signs Turkey’s largest deal

Kohlberg Kravis Roberts, the US buyout firm, has bought UN Ro-Ro in its first transaction in Turkey, making it the latest firm to gain exposure to the country and the neighbouring MENA region.

Pantheon and Nova pick up laboratory group for £75m

Pantheon Ventures and secondary investor Nova have bought the scientific laboratory business of Barloworld as it looks to grow the business overseas.

Ethos consortium gains exclusivity with R9.85bn casino group(3)

South African casino group Gold Reef Resorts has entered into exclusive talks with an Ethos Private Equity-led consortium, and the bid already has 76 percent shareholder acceptance.