Middle East & North Africa

Oyak looks abroad following $2.67bn ING sale(3)

Following the sale of Oyak Bank to Dutch bank ING, Turkish pension fund Oyak Group is looking for partners on a foreign joint venture as it looks to invest abroad.

Apax-backed Incisive buys US rival(2)

US banker Bruce Wasserstein’s investment vehicle has agreed to sell publishing business American Lawyer Media to Apax Partners-backed Incisive Media for $630 million.

PE groups stalk Telecom Italia mobile arm

Buyout firms Permira, The Carlyle Group and Apax Partners are reportedly mulling separate bids for TIM, the mobile unit of Telecom Italia, in what would be Europe’s biggest ever buyout.

Qatari firm makes £12bn Sainsbury’s approach

Qatar-based investment vehicle Three Delta has confirmed its preliminary bid approach to Sainsbury’s, the UK supermarket chain that rejected a £10 billion offer from a private equity consortium in April. The company’s share price soared this morning.

Apax-backed Incisive buys US rival

US banker Bruce Wasserstein’s investment vehicle has agreed to sell publishing business American Lawyer Media to Apax Partners-backed Incisive Media for $630 million.

Montagu buys hair styling business from LDC(2)

Lloyds Development Capital has made an exit from the company behind iconic hair-styling brand ghd after just 12 months, selling it to Montagu Private Equity for £160 million.

Bowmark hones craft skills with new investment

The UK mid-market firm has bought Design Objectives, a UK paper crafts supplier, from an unnamed group of entrepreneurs to capitalise on the boom in home-made cards and scrapbooks.

Montagu buys hair styling business from LDC

Lloyds Development Capital has made an exit from the company behind iconic hair-styling brand ghd after just 12 months, selling it to Montagu Private Equity for £160 million.

Bain strikes twice in musical, nautical deals(3)

Bain Capital is set to acquire US retailer Guitar Center for $2.1 billion. Meanwhile, the firm’s German arm has agreed to purchase yacht manufacturer Bavaria Yachtbau.

Investcorp to acquire US packaging company(2)

Bahrain-based Investcorp will buy a majority stake in Berlin Packaging, just weeks after the first close on its latest fund.