Middle East

Oyak looks abroad following $2.67bn ING sale(2)

Following the sale of Oyak Bank to Dutch bank ING, Turkish pension fund Oyak Group is looking for partners on a foreign joint venture as it looks to invest abroad.

Global buys SAR300m textile business

Kuwait investor Global Investment House has bought Saudi Arabian textile business Ajlan Bin Abdulaziz Al Ajlan & Brothers ’Ajlan. The company’s value corresponds to roughly two thirds of its revenues.

ECI sold to Shaul Shani and Ashmore for $1.2bn(3)

Nasdaq-listed ECI Telecom has been sold to Ashmore Investment Management and telecoms investor Shaul Shani, continuing a strong week for buyout firms in the telecoms sector.

ECI sold to Shaul Shani and Ashmore for $1.2bn(2)

Nasdaq-listed ECI Telecom has been sold to Ashmore Investment Management and telecoms investor Shaul Shani, continuing a strong week for buyout firms in the telecoms sector.

ECI sold to Shaul Shani and Ashmore for $1.2bn

Nasdaq-listed ECI Telecom has been sold to Ashmore Investment Management and telecoms investor Shaul Shani, continuing a strong week for buyout firms in the telecoms sector.

Bain strikes twice in musical, nautical deals(2)

Bain Capital is set to acquire US retailer Guitar Center for $2.1 billion. Meanwhile, the firm’s German arm has agreed to purchase yacht manufacturer Bavaria Yachtbau.

Oyak looks abroad following $2.67bn ING sale

Following the sale of Oyak Bank to Dutch bank ING, Turkish pension fund Oyak Group is looking for partners on a foreign joint venture as it looks to invest abroad.

Three Delta ups stake in Sainsbury’s to 25%(3)

The investment vehicle of Qatari property investment fund Three Delta has upped its stake in Sainsburys. The FTSE 100 listed UK supermarket’s shares leapt by nearly 5 percent, as speculation suggested a takeover bid was forthcoming.

Investcorp buys €850m roofing company(3)

A consortium of five companies has sold Icopal to Bahrain-based buyout firm Investcorp. The deal comes three months after the buyout firm began targeting US and European investors for a €1 billion private equity fund.

Three Delta ups stake in Sainsbury’s to 25%(2)

The investment vehicle of Qatari property investment fund Three Delta has upped its stake in Sainsburys. The FTSE 100 listed UK supermarket’s shares leapt by nearly 5 percent, as speculation suggested a takeover bid was forthcoming.