Middle East

Sainsbury’s family demands adequate pensions settlement(4)

Qatari investment company Three Delta may be thwarted in its attempts to buy UK supermarket Sainsbury’s by the founding Sainsbury family. The family has reiterated in a statement that its acceptance of any bid is conditional on the Qatari firm providing an adequate pensions settlement.

Veritas exits stake in defence contractor(3)

Veritas Capital has sold defence contractor Athena Innovative Solutions to CACI International for an undisclosed amount.

Sainsbury’s family demands adequate pensions settlement(3)

Qatari investment company Three Delta may be thwarted in its attempts to buy UK supermarket Sainsbury’s by the founding Sainsbury family. The family has reiterated in a statement that its acceptance of any bid is conditional on the Qatari firm providing an adequate pensions settlement.

Middle East investors defy the credit crunch

While the credit markets have placed many private equity deals on hold, the ability of investors from the Middle East to deploy capital appears undiminished.

Sainsbury’s family demands adequate pensions settlement(2)

Qatari investment company Three Delta may be thwarted in its attempts to buy UK supermarket Sainsbury’s by the founding Sainsbury family. The family has reiterated in a statement that its acceptance of any bid is conditional on the Qatari firm providing an adequate pensions settlement.

Schwarzman defends sovereign funds

Speaking on a World Economic Forum panel dedicated to sovereign funds, the Blackstone chairman and chief executive praised the funds and likened them to US state pensions as institutional investors.

DIC makes first direct MENA investment(4)

Dubai International Capital has completed its first direct private equity investment in the region through the acquisition of luxury company Rivoli Group.

Hopes of LBO revival as Cinven makes Emap bid(4)

European buyout firm Cinven’s £2 billion bid for two divisions of media group Emap is the second largest new offer since debt market turmoil decimated the market for leveraged loans.

ECP, Truffle pay $53m for Moroccan mines

Emerging Capital Partners, in partnership with Truffle Capital, has acquired a third African mining company with its $53 million purchase of Morocco’s Compagnie Miniere de Touissit.

Veritas exits stake in defence contractor(2)

Veritas Capital has sold defence contractor Athena Innovative Solutions to CACI International for an undisclosed amount.