Middle East & North Africa

Three Delta returns to QIA for £500m equity in Sainsbury’s bid(4)

Specialist acquisition firm Three Delta’s bid for Sainsbury’s awaits an 8 November deadline as its talks with the supermarket’s pension trustees near completion.

Zell’s Equity International targets $500m(2)

The emerging markets-focused Chicago firm will target platforms likely to benefit from a global real estate boom, but eschew direct property investments.

Carmel Ventures closes third fund on $235m

The tech-focused Israeli firm has rounded up commitments from a heavy-hitting list of LPs, including CalPERS, HarbourVest, Portfolio Advisors and Goldman Sachs.

BC club wins battle for Turkish retailer

The BC Partners-led consortium has pulled off its YTL3.9 billion bid for Migros Türk in the face of strong competition including The Blackstone Group and Kohlberg Kravis Roberts. It is Europe’s largest deal since credit markets seized up.

Three Delta returns to QIA for £500m equity in Sainsbury’s bid(3)

Specialist acquisition firm Three Delta’s bid for Sainsbury’s awaits an 8 November deadline as its talks with the supermarket’s pension trustees near completion.

IK takes fire protection buy and build to US(2)

Industri Kapital, the European mid-market buyout firm, has bought Consolidated Fire Protection from Gryphon Partners as it expands sprinkler and fire alarm company Minimax into the US.

ECP buys $15.2m stake in African gold mine

Emerging Capital Partners has made its fourth investment in the African mining sector with the acquisition of a 16 percent stake in gold producer Central African Gold.

Canaan closes $650m venture fund

The US firm’s eighth fund will continue its 20-year investment strategy, targeting early-stage tech and healthcare companies, with an increased focus on Israeli and Indian deals.

Three Delta drops Sainsbury’s bid after Qatari talks(2)

Three Delta has withdrawn its bid for Sainsbury’s citing the problems in the credit markets and an equity increase demanded by the UK supermarket’s pension trustees.

Abraaj raises region’s largest ever fund, plans float(4)

Abraaj Capital, the Dubai-based investment firm led by Arif Naqvi, has held a record close on its infrastructure and growth capital fund as it mulls listing on the Dubai stock exchange DIFX.