Private Equity
The exit, which was made in light of Romanian regulatory changes on the horizon, came as a ‘disappointment’ to the renewable energy-focused private equity firm, which had looked forward to building the largest wind farm development in Europe.
2 min read · 05 January 2013
Israel-based Gilat has pulled out of a deal with a private equity consortium led by the Los Angeles-based firm, citing an ‘intentional breach of the merger agreement’. The company has called for payment of a $47m break-up fee.
2 min read · 05 January 2013
The veteran venture capital firm has closed its second growth fund focused on India, bringing its total India-dedicated assets under management to $1.8bn.
1 min read · 05 January 2013
Abraaj Capital has invested in Turkey's Numarine to help expand the company's production facilities as it looks to take advantage of the growing market for luxury yachts in the Middle East, Asia and Eastern Europe.
1 min read · 05 January 2013
Global Investment House has purchased a controlling stake in Al Sawani and will be injecting another $100m in the company to fund its regional acquisitions.
2 min read · 05 January 2013
SHUAA Capital has raised $240m for the first close of its hospitality fund focused on Saudi Arabia, ‘the first private equity fund domiciled in the Kingdom'. The fund will develop 17 hotels, apartments and resorts in the country.
2 min read · 04 January 2013
The US-based venture firm will move longtime GP Scott Tobin and senior associate David Sokolic to its Herzilya office in autumn.
1 min read · 04 January 2013
The emerging markets specialist has sold its stake in Uganda Microfinance Limited to Kenya-based Equity Bank, as it nears a $200m first close on its $400m Pan-African fund.
2 min read · 04 January 2013
The Bahrain-based bank has completed what it says is France’s largest LBO this year, a secondary deal for Compagnie Européenne de Prestations Logistiques. Sagard has exited the company in a transaction valued between €550m and €600m after receiving 21 first-round bids from groups including Doughty Hanson and Goldman Sachs.
2 min read · 04 January 2013
The education-focused firm has acquired Ex Libris Group from technology investor Francisco Partners, which purchased the Israeli automation company two years prior.
1 min read · 04 January 2013
