Middle East & North Africa

Great Circle buys $21.1m stake in Russian logistics firm(2)

Stamford, Connecticut-based Great Circle has made its second investment in Russia with the injection of $21.1 million of growth capital into logistics company STS Logistics.

Citi makes two Turkish venture investments(2)

The venture capital business of Citi Alternative Investments has bought stakes in two Turkey-quoted retail companies as it seeks to increase its exposure to the region.

Campbell to become chairman if Three Delta triumphs, Mellor not involved

Three Delta has confirmed Tony Campbell will become chairman of UK supermarket Sainsbury’s if its offer succeeds, although the Sainsbury family is reportedly set against the deal.

3i adult carer exit has 61% IRR(3)

FTSE 100 listed 3i had a 61 percent IRR and a 3.9 money multiple on the sale to Three Delta of a company it first invested in 10 years ago, Care Principles.

Citi makes two Turkish venture investments

The venture capital business of Citi Alternative Investments has bought stakes in two Turkey-quoted retail companies as it seeks to increase its exposure to the region.

Battery buys tech firm for $137m(3)

Battery Ventures has completed a$137 million take-private of Quovadx, a software and software services firm formerly listed on NASDAQ, for $136.7 million.

Sainsbury board keeps Three Delta waiting

Three Delta continues to seek access to the books of UK supermarket Sainsbury’s, as difficulties in the credit markets look certain to affect the price of the £6 billion of debt needed for the offer.

Oak abandons $825m Vertrue deal(3)

Oak Investment has dropped out of a consortium of firms planning to acquire internet direct marketing services firm Vertrue, after the bidding price was raised from $800 million to $825 million.

3i adult carer exit has 61% IRR(2)

FTSE 100 listed 3i had a 61 percent IRR and a 3.9 money multiple on the sale to Three Delta of a company it first invested in 10 years ago, Care Principles.

ECP makes $50m exit on African rubber producer

The Africa-focused firm earned a 3.4x return on its investment in rubber company Societe Internationale de Plantations d’Heveas – the latest in a series of successful exits on the continent.