Private Equity

Middle East

MENA Infrastructure Fund buys 32.8 percent stake in United Power

The firm bought the stake from GDF Suez Group when it was asked to divest its holdings in the Oman-based company when it was selected to develop other power projects in the Sultanate.

1 min read · 05 January 2013

Fund attorney: Firms hold $300bn in dry powder

Hundreds of billions of dollars are set to invest in distressed debt and real estate, according to funds lawyer Sandy Presant - but few investors will ‘jump’ now when opportunities could be better in six to 12 months.

2 min read · 05 January 2013

Intel invests $43m in Japanese communication company

The venture capital arm of the semiconductor giant has acquired a stake in UQ Communications.

1 min read · 05 January 2013

Citadel lines up Libyan gas contract, dairy loan

Citadel portfolio company TAQA Arabia has won a $165m gas distribution contract in Libya, while Dina Farms, an Egyptian dairy backed by the firm, has successfully secured $36m in debt financing.

2 min read · 05 January 2013

Report: Bohai and CDH back Chinese automaker

Chinese private equity investors have reportedly acquired a 20% stake in Chery Automobile for $293m.

2 min read · 05 January 2013

Unicorn backs Bahrain oil and gas services company

The investment in Bahrain Maintenance and Diving Services represents the sixth deal from Unicorn's debut fund, now fully invested.

1 min read · 05 January 2013

Israel woos private equity investors with tax break

The country's latest tax exemption for foreign investors applies to private equity profits, formerly taxed at rates of either 15% or 25%.

2 min read · 05 January 2013

KKR arsenal includes $15bn of dry powder

Despite having seen its private equity assets decline by about $7bn last year, KKR told investors its dry powder, new business lines and products have it poised for growth.

2 min read · 05 January 2013

Israeli venture investments drop by 57%

Venture capital investments in Israeli high-tech companies fell from $617 million in the first quarter of 2008 to $265 million in the first three months of 2009, making it the slowest quarter in the last three years.

1 min read · 05 January 2013

Global exits Indian refinery

The Kuwaiti-headquartered firm has sold its interest in Reliance Petroleum, generating an IRR of more than 70%.

2 min read · 05 January 2013

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