Private Equity
The Cairo-based firm, which expects to close its first institutional fund on $500m this year, is mulling a push into Iraq’s oil and gas sector before multinational oil companies gain further ground.
2 min read · 05 January 2013
A consortium led by the Bahrain-based listed private equity firm has acquired a 70% stake in L’Azurde, a Saudi Arabian jewellery company valued at $300m. The demographics underpinning MENA's demand for jewellery are encouraging, said co-head of Investcorp’s Gulf growth capital business, Azmat Taufique.
2 min read · 05 January 2013
The $40m investment from the private equity arm of Saudi Arabian bank NCB Capital will enable Egypt’s Sigma Pharmaceutical to expand into other key markets.
2 min read · 05 January 2013
The Bahrain-based firm has added a third school to its education platform with the acquisition of Dubai-based Al Maaref school.
1 min read · 05 January 2013
Lehman’s former merchant banking unit will be owned by management in a joint venture with South African billionaire Johann Rupert.
2 min read · 05 January 2013
A $20m investment in South African company Buildworks will benefit from the ongoing development of Africa’s electrical power infrastructure. The company could expand into the Middle East, according to Kingdom Zephyr partner Panos Voutyritsas.
2 min read · 05 January 2013
The investment in Albidon’s Munali Nickel Project in Zambia is the firm's first nickel mining deal in Fund I.
2 min read · 05 January 2013
Ethos Private Equity and Old Mutual Private Equity have invested in the African Northern Cape-based lime and calcium processing plant Idwala Industrial, for a reported 44 % stake. The deal represented an exit for the Tisco Group and RMB Ventures.
1 min read · 05 January 2013
The pan-African investor has sold sugar, flour and animal feed producer SOMDIAA to its majority shareholders for $26m as Africa Fund I continues to divest.
1 min read · 05 January 2013
Africa-focused private equity firm Development Partners International has backed South Africa-based telecom company Q-Venture. The firm has raised €272m toward its debut fund, which it aims to close on €400m in 2009.
1 min read · 05 January 2013
