Middle East

Great Circle buys $21.1m stake in Russian logistics firm(2)

Stamford, Connecticut-based Great Circle has made its second investment in Russia with the injection of $21.1 million of growth capital into logistics company STS Logistics.

Citi makes two Turkish venture investments(2)

The venture capital business of Citi Alternative Investments has bought stakes in two Turkey-quoted retail companies as it seeks to increase its exposure to the region.

Campbell to become chairman if Three Delta triumphs, Mellor not involved

Three Delta has confirmed Tony Campbell will become chairman of UK supermarket Sainsbury’s if its offer succeeds, although the Sainsbury family is reportedly set against the deal.

3i adult carer exit has 61% IRR(3)

FTSE 100 listed 3i had a 61 percent IRR and a 3.9 money multiple on the sale to Three Delta of a company it first invested in 10 years ago, Care Principles.

Citi makes two Turkish venture investments

The venture capital business of Citi Alternative Investments has bought stakes in two Turkey-quoted retail companies as it seeks to increase its exposure to the region.

Battery buys tech firm for $137m(3)

Battery Ventures has completed a$137 million take-private of Quovadx, a software and software services firm formerly listed on NASDAQ, for $136.7 million.

Sainsbury board keeps Three Delta waiting

Three Delta continues to seek access to the books of UK supermarket Sainsbury’s, as difficulties in the credit markets look certain to affect the price of the £6 billion of debt needed for the offer.

3i adult carer exit has 61% IRR(2)

FTSE 100 listed 3i had a 61 percent IRR and a 3.9 money multiple on the sale to Three Delta of a company it first invested in 10 years ago, Care Principles.

Qatari firm makes £12bn Sainsbury’s approach(3)

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.

Great Circle buys $21.1m stake in Russian logistics firm

Stamford, Connecticut-based Great Circle has made its second investment in Russia with the injection of $21.1 million of growth capital into logistics company STS Logistics.