Middle East

Arcapita exits wind farm in second deal this week

Prudential M&G’s infrastructure arm Infracapital Partners and an unnamed group advised by JP Morgan Asset Management have bought a one third stake in wind farm Zephyr Investments from Arcapita Bank, in the Bahrain-based investor’s second deal this week.

Boston Ventures in telecom deal

Boston Ventures is to buy a local US cable and telecom company, marking the middle market firm’s fifth investment from its seventh, $500 million fund.

Sainsbury’s family demands adequate pensions settlement

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.

Carlyle and Advent flip building company(3)

Investment company Arcapita has bought window and door company HT Troplast from The Carlyle Group and Advent International two years after the firms bought the company.

Veritas exits stake in defence contractor

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

Carlyle and Advent flip building company(2)

Investment company Arcapita has bought window and door company HT Troplast from The Carlyle Group and Advent International two years after the firms bought the company.

Carlyle and Advent flip building company

Investment company Arcapita has bought window and door company HT Troplast from The Carlyle Group and Advent International two years after the firms bought the company.

Credit Suisse, Abu Dhabi back $77m solar investment(3)

Paladin Capital and a fund led by Credit Suisse, with the backing of the Abu Dhabi government, have invested $77 million in a producer of thin film solar products.

KPS earns over 2x return on packing company exit(3)

KPS Capital Partners has exited its position in Blue Ridge Holding, selling the company to the Rank Group for $338 million and a more than 2x return.

DIC makes first direct MENA investment

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