Private Equity
Emerging Capital Partners has invested $32m in Africa’s telecoms sector, hoping to capitalise on a growing population and increasing consumerism in the region.
2 min read · 06 January 2013
Citadel Capital has sealed a successful rights issue, leaving the business well-positioned to capitalise on opportunities in the MENA region, according to co-founder Hisham El-Khazindar (pictured).
2 min read · 06 January 2013
Citadel Capital has experienced turmoil this year, and while this week's second quarter results showed a net loss of $4.2m, a rights issue has helped bring the group back onto an even keel.
4 min read · 06 January 2013
Emerging markets private equity investor Actis has acquired South African vehicle tracking business for $434m, according to the firm. It is its first investment in the crime sector.
2 min read · 06 January 2013
Fundraising by firms targeting emerging markets is accelerating, says trade body EMPEA, which predicts the total will reach $40bn by year end, almost double the $23.5bn raised in the whole of 2010.
3 min read · 06 January 2013
Dubai-headquartered private equity firm Abraaj Capital has acquired North African rival Amundi's North African private equity business, a month after it failed in its bid to obtain a stake in Egyptian peer Citadel Capital.
2 min read · 06 January 2013
Standard Chartered's first Saudi private equity deal is for a minority stake in the country's largest building materials manufacturer.
2 min read · 06 January 2013
MENA heavyweights Citadel Capital and Abraaj Capital failed to agree a deal which was expected to result in Egypt-listed Citadel selling a stake to its Dubai-based peer.
2 min read · 05 January 2013
Citadel Capital moved a step closer to selling a stake in itself on Tuesday, appointing Citigroup to advise on strategic options. Two days later, it won approval to vote on a $175m rights issue.
2 min read · 05 January 2013
Using capital from both India and US growth funds, the firm has taken an undisclosed stake in the FTV Capital-backed analytics service provider.
2 min read · 05 January 2013
