Private Equity

Middle East

Israeli venture market grows 18%

Israeli companies drew $2.1bn in venture funding in 2008, the highest in eight years, although there was a marked slowdown in investment activity in the last quarter.

2 min read · 05 January 2013

Millennium invests AED92m in Kuwait Energy

The Dubai-based firm has also partnered a Bahrain telecommunications company, to buy 49 percent of an Indian mobile operator, for $225 million.

2 min read · 05 January 2013

GIH to develop Tunis cement plant

The Kuwait-based firm has acquired a quarry and site for a cement plant in Tunisia on a Greenfield plot over 220 hectares.

2 min read · 05 January 2013

GIH acquires Kuwaiti logistics company for $150m

Global Investment House has acquired a majority stake in transport and logistics company Jassim Transport & Stevedoring in a deal the firm claims is the largest private equity buyout ever in Kuwait.

2 min read · 05 January 2013

Sun Capital to cut about 10% of its workforce

The Florida-based firm joins several other high-profile private equity firms that have cut back on staff to control costs amid recession.

2 min read · 05 January 2013

SHUAA Capital de-lists in Kuwait

The Dubai-based investment bank says it will avoid regulatory conflicts from a dual listing, as well as boost liquidity and trading volume by remaining traded only in Dubai.

1 min read · 05 January 2013

Hard Rock Park liquidates

The South Carolina theme park, backed by publicly listed Israeli holding companies Africa Israel Investment and Polar Investments, failed to find a buyer while in bankruptcy and will liquidate only nine months after opening.

1 min read · 05 January 2013

Francisco Partners takes tagging company private

A consortium led by the specialist technology investor will pay around £53m for London-listed Dmatek, an Israel-headquartered company which provides tagging services for monitoring both criminals and the elderly.

1 min read · 05 January 2013

Cerberus indirectly linked to Madoff scandal

One of the firm’s portfolio companies, Aozora Bank, is a victim in the alleged Ponzi scheme, and the chairman of another portfolio company controls a feeder entity that may have lost $1.8bn to Madoff.

2 min read · 05 January 2013

StepStone pushes into secondaries

The Southern California-based private equity advisor has hired James Gamett to head up secondary investments, which the company believes has become an attractive investment area.

1 min read · 05 January 2013

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